Hull firm Rix Petroleum expands with purchase of family fuel company
Duncan Lambert, managing director of Rix Petroleum, which has recently bought family fuel business Stones Fuel Oils
By Hull Daily Mail | Posted: 28 Nov 2017
Hull-based Rix Petroleum has bought out a Yorkshire family fuel firm as it continues to expand around the region.
Rix Petroleum, the largest arm of JR Rix based in Spyvee Street, east Hull, has purchased Stones Fuel Oils, based in Malton, after owner Goeff Stones decided to retire from running the business for more than 50 years.
Mr Stones agreed to sell to the fifth-generation Hull firm because, as another regional, family company he was confident Rix would uphold Stones’ values.
Duncan Lambert, managing director of Rix Petroleum, described Stones Fuel Oils as the “perfect fit” for Rix as both businesses had much in common.
He said: “Stones Fuel Oils is a fantastic and well-run family business that has a very loyal customer base. It is a credit to Geoff and his father that it is held in such high regard.
“Like Rix, Stones Fuel Oils has built its reputation on true family values of fairness and offering a quality, personal service. Those values form the core of Rix Petroleum too and we fully intend to honour them at our new Malton depot.”
The move extends Rix Petroleum’s coverage further into North Yorkshire, enabling the company to service as far north as Whitby and west to Northallerton and Ripon.
Mr Stones said he is confident Rix will be able to maintain Stones Fuel Oils’ level of service, describing it as the “right time” to hand over the reins.
“I have run Stones Fuel Oils – initially with my father – for about 50 years now, and it seems the right time to step back and take life a little more steadily,” he said.
“After much thought, I have decided to sell the fuel oil side of the operation to Rix Petroleum, another family-owned and locally-based business. I am confident that they will maintain the high standard of customer service that we have aimed to give, and will offer competitive prices.”
All Stones Fuel Oils staff, including tanker drivers and office workers, have been retained by Rix Petroleum, and another tanker is to be stationed at the depot, bringing the fleet to three.
Mr Lambert added that the company would continue to provide domestic heating oil, commercial diesel and associated products to local farmers, businesses and rural households.
But he said they would extend the product range and introduce other services as well.
He said: “We provide an extensive range of agricultural lubricants in our other depots which we will be selling on a cash and carry basis in Malton. We’ll also stock 25 litre drums of domestic kerosene and gas oil in case of emergencies.
“As a part of the wider group, we provide home oil boiler and Aga Cooker servicing, breakdown and repair, so we will be offering those too, meaning we will be providing a full range of home heating services to households in and around the Malton area.”