titan grows with appco acquisition

Plans to swell its energy division come together in three-part strategy.

Titan Global Holdings Inc. has released its Energy’s Strategic Initiatives for fiscal 2008 following the acquisition of Appalachian Oil Co. (Appco).

Titan has launched a three-part strategic plan to follow the Appco deal, starting with securing the supply of biofuels products through strategic agreements and acquisitions to enhance core profitability at wholesale and retail distribution. The company also plans to seek opportunities through Titan Global Energy to vertically integrate and increase leverage and position in the energy product life cycle. The third step is to expand the markets served through acquisitions, such as Appco, in contiguous markets.

Titan said it plans to grow the Titan Global Energy division by leveraging the existing Appco operation through the continued accumulation of market share and growth in other contiguous markets in the Southeast. The company also unveiled plans to acquire complimentary assets in the energy sector that will strengthen Appco’s distribution, improve vertical integration and increase access to valuable natural resources.

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