Marathon Petroleum will purchase a 900,000-barrel capacity light product and asphalt terminal and 33 retail stores in New York from NOCO Incorporated.
The terminal is well positioned to receive supply from the Midwest, Canada or the New York Harbour via multiple supply routes, including pipeline, truck, trail or waterborne vessels and will be able to deliver products to this market.
Chairman and CEO Gary R. Heminger says: 'This acquisition supports MPC's Midwest product placement strategy and builds upon prior investments, including Speedway's acquisition of 78 Express Mart locations in western New York, to maximise our refinery utilisation.'
Speedway president Tony Kenney adds: 'We are excited to continue our growth into western New York. The NOCO Express stores have been very well managed and maintained and will complement our expanding presence in this region. We look forward to further bringing the Speedway brand to even more consumers in the Buffalo region.'
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