|View printer-friendly version|
|Sunoco Expands Retail Network into Alabama|
PHILADELPHIA, Jun 28, 2011 (BUSINESS WIRE) --
Sunoco, Inc. (NYSE: SUN) announced today that it has added 13 new Sunoco-branded sites to its growing network of more than 4,900 retail locations selling transportation fuels and convenience items. The sites are located in the Birmingham, Ala. market and result from agreements reached with Quality Petroleum of Alabama and Chattahoochee Oil, distributors of petroleum products. The first Quality Petroleum location at 4809 McAdory School Road McCalla, Ala. will be holding its grand opening today. The remaining sites are under construction and will be converted to Sunoco's brand by the end of the third quarter.
The 13 Alabama sites complement more than 250 new retail locations that have been added to Sunoco's network since the beginning of 2010. "I am thrilled that Sunoco fuel can now be purchased in Alabama near the historic Talladega Superspeedway," said Bob Owens, Sunoco's senior vice president of marketing. "Our recent success in winning over new distributors has helped Sunoco enter new markets such as Alabama and expand our presence along the I-95 corridor, and in the Midwest and other Southeastern states. We remain focused on building the brand's reputation in all of our markets."
"We are excited about the opportunity to sell Sunoco's quality fuel in the state of Alabama. Sunoco's NASCAR connection is generating tremendous interest," said David Melton, Quality Petroleum of Alabama's vice president. "We've been providing quality fuels to a great customer base for many years and we look forward to expanding that base with Sunoco by improving not only our service, but our fuel offerings."
Sunoco has made significant progress in growing its presence in the Southeast in recent years with large expansions in Florida, Georgia, Kentucky, North Carolina, South Carolina, and Virginia.
Sunoco has also grown its company-operated business recently with the acquisition of 32 retail sites in upstate New York, as well as signing long-term contracts to sell fuel along the Garden State Parkway (N.J.) and Ohio Turnpike.
Sunoco is a leading transportation fuel provider with operations located primarily in the East Coast and Midwest regions of the United States. The company sells transportation fuels through more than 4,900 branded retail locations in 24 states. APlus convenience stores are operated by the company or independent dealers in more than 600 of its retail locations. The retail network in the Northeast is principally supplied by Sunoco-owned refineries with a combined crude oil processing capacity of 505,000 barrels per day. Sunoco is also the General Partner and has a 31-percent interest in Sunoco Logistics Partners, L.P., a publicly traded master limited partnership which owns and operates 7,600 miles of refined product and crude oil pipelines and approximately 40 active product terminals. Many of Sunoco Logistics' pipelines and terminals and storage facilities are integrated with Sunoco's retail network and refineries. Through SunCoke Energy, Sunoco makes high-quality metallurgical-grade coke for major steel manufacturers. The company's facilities in the U.S. have the capacity to manufacture approximately 3.7 million tons of metallurgical-grade coke annually. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year coke-making facility in Vitória, Brazil.
SOURCE: Sunoco, Inc.
Replication or redistribution of EDGAR Online, Inc. content is expressly prohibited without the prior written consent of EDGAR Online, Inc. EDGAR Online, Inc. shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.