The Pantry Inc. has completed the previously disclosed acquisition of 47 convenience stores from Presto Convenience Stores LLC. The stores operate under the Presto trade name and are located in Kansas with three stores in Missouri. The 47 acquired stores generated revenues of approximately $194 million for the 12 months ended May 2010. The acquisition…
Marathon Selling Minnesota Downstream Assets
Marathon Oil Corp., an integrated energy company, has announced that its wholly owned subsidiary Marathon Petroleum Co. LP has closed the transaction with ACON Investments LLC and TPG Capital for the sale of most of Marathon’s Minnesota downstream assets. ACON and TPG formed Northern Tier Energy LLC (Northern Tier Energy) to operate the assets as…
Love’s To Install 40 DEF Pumps
Love’s Travel Stops & Country Stores plans to install Diesel Exhaust Fluid (DEF) dispensers at fuel islands at 40 sites during the next four months, discoverDEF.com reported. “We are installing underground storage tanks and multiple dispensers at all of our new travel stops and at many of our legacy locations. The aggressive build out of…
Chevron Appoints Macfarlane General Tax Counsel
Chevron Corp. has appointed C.N. “Sandy” Macfarlane general tax counsel and an officer of the corporation. In this position, Macfarlane will direct Chevron’s tax activities. He succeeds Thomas Schuttish who has retired after 30 years with the company. “Sandy is a recognized tax professional within the broader energy tax community,” said John Watson, Chevron’s chairman…
Hess Introduces Online Racing Game
Hess Corp. is introducing a virtual new chapter to its 46-year-old Hess Toy Truck holiday tradition with the launch of its first-ever interactive game, the Hess Jet Game. Based on the 2010 Hess Toy Truck and Jet, the Hess Jet Game takes the Hess Toy Truck to a whole new level, providing fans with a…
E-Z Mart Acquires Eight Stores
Texarkana, Texas-based E-Z Mart Stores Inc. is expanding its convenience offering in Arkansas. On Dec. 1, E-Z Mart began operating eight more stores acquired from B-B-F Oil Co., bringing E-Z Mart’s store count to 306. The new locations in Arkansas are located in Pine Bluff, Hot Springs, Benton and Sheridan. “The acquisition of B-B-F Oil…
PS Food Mart Launches Food Drive
Led by the Hillsdale PS Food Mart CITGO, 27 PS Food Mart Stores in 17 communities across South Central Michigan and Toledo, Ohio rallied their customers and neighbors in support of families in need. Generous donors purchased nearly 28,000 Kellogg’s PopTarts, which were donated to 24 different food pantries, homeless shelters, after school programs and…
Senate Passes Food Safety Law
By a vote of 73 to 25 on Tuesday, the Senate passed the Food Safety Modernization Act, which aims to overhaul the nation’s food safety system, the New York Times reported. The law, which gives increased powers to the Food and Drug Administration (FDA), comes after instances of tainted foods, including peanut butter and spinach,…
AWMA Show To Feature Expanded Exhibit Hall
The American Wholesale Marketers Association (AWMA) has announced its 2011 Show will feature an expanded Expo and the addition of a dedicated Foodservice Pavilion highlighting the latest foodservice products, programs and equipment for the convenience retailing industry. The AWMA Show is scheduled for Feb. 8-10, 2011 at the Paris Hotel in Las Vegas. “Foodservice is…
Getty Realty Corp. Appoints Senior Director of Acquisitions
Getty Realty Corp., a publicly traded REIT focused solely on ownership and leasing of retail motor fuel and convenience store properties, has hired Mike Ross as senior director of acquisitions. Ross has more than 15 years of origination experience at well-known industry firms including: Trustreet Properties, Merrill Lynch and FMAC. Ross will be based in…