Sunoco LP acquires US fuel distributor
Published by Angharad Lock,
Digital Assistant Editor
Hydrocarbon Engineering,
Sunoco LP has announced that one of its subsidiaries has entered into an agreement to purchase a wholesale motor fuel distribution business serving the North Eastern US. The purchase price will be approximately US$57 million, plus the value of the inventory on hand at the time of closing.
The business currently distributes approximately 55 million gal./y of branded and unbranded gasolines.
The transaction is anticipated to close in 4Q15, subject to customary closing conditions.
Edited from press release by Angharad Lock
Read the article online at: https://www.hydrocarbonengineering.com/refining/24082015/sunoco-lp-acquires-us-fuel-distributor-1291/
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