Royal Dutch Shell Plc .com: Shell Announces Strengthened Truenorth Assets; True North Energy to Acquire 29 Branded Locations in Columbus
From PRNewswire
HOUSTON, June 28 /PRNewswire/ — Today, Shell Oil Products US (Shell),
the marketer of the no. 1 selling gasoline brand in America, announced that
its affiliate, True North Energy, LLC of Toledo, Ohio, was the successful
bidder for 29 Shell-branded locations and three supply contracts in the
Columbus area. Last fall, Shell had publicly stated its intent to sell
retail assets in 16 regions to better support its wholesale business and
move toward its vision of becoming the best fuels retailer in the world.
This transaction means that Truenorth, Shell’s largest fuel wholesaler,
will now supply 335 million gallons annually to 230 Shell-branded locations
in Ohio and Michigan. Truenorth will continue to use the Shell brand at the
29 locations purchased, thereby better serving customers and maintaining
awareness of the Shell brand in the region. According to a confidentiality
agreement between the parties, the purchase price cannot be disclosed at
this time. read more
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