Maverik Executive Vice President Brad Call tells CSD the leadership team and direction of the company remains unchanged. By John Lofstock, Editor FJ Management Inc., formerly known as Flying J, reached a deal to acquire a majority interest in North Salt Lake City, Utah-based Maverik Inc. Maverik, which was founded nearly 60 years ago, has…
Duncan Oil Partners With VP Racing Fuels
Distributor sees VP as “next cool thing” for consumers. Duncan Oil Co. has signed on as the latest partner to VP Racing Fuels’ national branding program. “We think VP has an operating model that separates them from other suppliers,” said Roger McDaniel, president of Duncan Oil. “VP’s image package is outstanding and its credit card…
Kansas Jury: Hot Fuel Not Deceptive
Numerous class-action lawsuits have been filed across the U.S. in 26 states, the District of Columbia and Guam, alleging oil companies and fuel retailers improperly profited from the sale of hot fuel. In a victory for QuikTrip, 7-Eleven and Kum & Go—three c-store retailers in a “hot fuel” lawsuit—a federal jury in Kansas City, Kan.…
Pilot Flying J Closes Maxum Petroleum Acquisition
“I am looking forward to increasing our participation in the fuel and lubricant distribution industry serving commercial and industrial customers,” says Pilot CEO. Pilot Flying J closed its acquisition of a controlling interest in Maxum Petroleum for cash, and its contribution of Western Petroleum LLC into Maxum. Maxum will continue to operate as an independent…
CITGO Improves Safety Rates In 2011
CITGO earns awards and recognition for its increased safety rates in 2011. CITGO Petroleum Corp. saw significant improvements in its refining safety performance in 2011 with both its total recordable incident rate (TRIR) and days away, restricted or transferred (DART) rate falling to about half of what they were the previous year. CITGO excelled in…
Flash Foods Captures Real Returns In HR Automation
“Hiring managers give feedback on how much faster they are able to complete the interview and hiring process,” says Flash Foods’ director of training. Flash Foods, a self-sustained convenience store chain with more than 195 locations throughout Georgia and Florida, and PeopleMatter, a comprehensive talent management solution specifically designed for the convenience store industry, have…
Three-Fourths At Statoil Accept Couche-Tard’s Offer
More Statoil shareholders accept Alimentation Couche-Tard’s tender offer as of Tuesday. Alimentation Couche-Tard reports 77.7% of Statoil Fuel & Retail shareholders have accepted its takeover offer, an increase from 66.7% three weeks ago, after a large shareholder agreed to bid on Tuesday. Alimentation Couche-Tard declined to identify the shareholder, but said it was “very confident”…
ExxonMobil Offers Free iPad App
New iPad app release helps give in-depth insight to ExxonMobil news and reports. ExxonMobil released a new app for the iPad that has free news, blog posts, stock prices and more for people who subscribe. The app, which launched on June 10, gives people the latest ExxonMobil news, stock prices, videos, blogs and notifications. It…
Alimentation Couche-Tard Extends Statoil Offer
Alimentation Couche-Tard announces its offer to Statoil Fuel & Retail expires June 20. Alimentation Couche-Tard Inc. waived all conditions under its offer to Statoil Fuel & Retail, including but not limited to the 90% acceptance level as indcated in the offer document dated April 19. The new extension period will expire on June 20, and…
Couche-Tard Extends Offer Deadline
Company waits longer for shareholder response Alimentation Couche-Tard agreed to extend its proposed expansion offer to Statoil Fuel’s until May 29. The $2.68 billion U.S. offer has the support of Statoil ASA, the oil company that owns 54% of the Scandanavian convenience store operations, gut Couche-Tard requires acceptance by 90% of Statoil Fuel’s shareholders. Canada’s…