Latest acquisition strengthens position as fuels retailer and
convenience store operator in Florida
PHILADELPHIA--(BUSINESS WIRE)--Feb. 15, 2012--
Sunoco, Inc. (NYSE: SUN) announced that it has acquired 11 retail
locations in Daytona, Fla., and the surrounding communities in Volusia
County from First Coast Energy L.L.P. Each location will be company
operated and include an APlus convenience store.
“We continue to grow in areas where we enjoy great brand recognition,”
said Bob Owens, Sunoco’s senior vice president of marketing. "With over
500 retail locations across the state of Florida, our loyal customers
will always have a Sunoco nearby."
The retail locations are expected to be converted to the Sunoco and
APlus brands over the next several months. The first location, which
sits adjacent to the Daytona International Speedway, has already been
converted to the Sunoco/APlus brand and is open to the public.
These acquisitions build on Sunoco’s recent growth through acquisitions
in Pennsylvania, New York, and New Jersey and expansion into Alabama.
The company also assumed operations along the Garden State Parkway in
New Jersey and returned to the Ohio Turnpike.
Sunoco is a leading logistics and retail company. The company owns the
General Partner interest of Sunoco Logistics Partners, L.P. (NYSE: SXL),
which consists of a 2 percent ownership interest and incentive
distribution rights, and owns a 32 percent interest in the Partnership’s
limited partner units. Sunoco Logistics is an owner and operator of
complementary pipeline, terminal and crude oil acquisition and marketing
assets. Sunoco also has a network of approximately 4,900 retail
locations in 24 states.
Source: Sunoco, Inc.
Joe McGinn (media) 215-977-3237