The Pantry Renews Brand Agreement With Marathon Petroleum
Extends supply deal through June 2016
CARY, N.C. -- On March 1, 2013, The Pantry Inc. elected to renew the branded product supply and trademark license agreement dated July 26, 2010, with Marathon Petroleum Co. LLC, the retailer said in a filing with the U.S. Securities & Exchange Commission (SEC).
The renewal is for a period of three years, commencing July 1, 2013, and ending on June 30, 2016, the filing said.
Under the terms of the 2010 agreement, Marathon supplied fuel to more than 600 Pantry locations, with a joint branding relationship at approximately 285 of these sites.
Marathon's agreement with The Pantry was extraordinary in the depth of the partnership, including an ad campaign to jointly promote Marathon and Kangaroo Express brands together.
Findlay, Ohio-based Marathon Petroleum Corp. (MPC), together with its subsidiaries Marathon Petroleum Co. LP, Speedway LLC, which owns and operates approximately 1,460 stores in seven states, and MPLX LP, a midstream master limited partnership (MLP), is one of the largest petroleum product refiners, marketers and transporters in the United States. MPC's refining, marketing and transportation operations are concentrated primarily in the Midwest, Gulf Coast and Southeast. Marathon brand gasoline is sold through approximately 5,000 independently owned retail outlets across 17 states. MPC also owns, leases or has ownership interests in approximately 8,300 miles of pipeline. MPC's fully integrated system provides operational flexibility to move crude oil, feedstocks and petroleum-related products through the company's distribution network in the Midwest, Southeast and Gulf Coast regions.
Based in Cary, N.C., The Pantry is a leading independently operated convenience store chain in the southeastern United States and one of the largest independently operated convenience store chains in the country. The company operates approximately 1,575 stores in 13 states under select banners, including Kangaroo Express, its primary operating banner.