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/