Marathon Petroleum Corp.’s wholly owned subsidiaries, including Speedway LLC, are to acquire a 900,000-barrel capacity light product and asphalt terminal and 33 NOCO Express retail stores in Buffalo, New York, from NOCO Incorporated.
“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,” said MPC Chairman and Chief Executive Officer Gary R. Heminger.
“The terminal is well positioned to receive supply from the Midwest, Canada or the New York Harbor via multiple supply routes, including pipeline, truck, rail or waterborne vessels and deliver our products in this attractive new market.”
For more information visit www.marathonpetroleum.com
