VALLEY FORGE, PA — UGI International, LLC announced it has reached a definitive agreement to sell its liquefied petroleum gas (LPG) distribution business in Austria to DCC plc for an enterprise value of €55 million, marking another step in the company’s ongoing effort to streamline its European operations.
The divestiture aligns with UGI International’s broader portfolio rationalization strategy, designed to create a more focused and financially agile business. Proceeds from the transaction will be used to reduce debt, bolstering the company’s balance sheet and expanding flexibility for future investments.
“We are systematically building a more streamlined and resilient international business by concentrating on markets where we can maximize our operational expertise,” said Julie Fazio, President of UGI International. “While this business was operationally sound, it represented a smaller portion of our European footprint. Our strategic exit from Austria reflects our commitment to deploy capital where we can generate more compelling returns.”
UGI’s Austrian LPG business sold roughly 12 million gallons in fiscal 2024, a modest share of the company’s overall European operations. The sale follows other recent restructuring moves aimed at sharpening operational efficiency and improving profitability.
The transaction is expected to close in the first quarter of fiscal 2026, pending standard regulatory approvals and customary closing conditions.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.