Corporate News

Corporate news affecting the convenience store industry

Motorist savers cashing in on low prices

ST. CLOUD, Minn. -- Some consumers are smiling while gasoline prices are soaring, because they stocked up when prices were down, reported WCCO-TV in Minnesota. Bridget Miller is a First Fuel Bank customer. She filled her tank for $1.99 per gallon on Wednesday because she prepaid for hundreds of...

Major oil company continues to add more dealer-, jobber-owned sites

CHICAGO -- Twenty BP properties in northern New Jersey and one site in Freeport, N.Y., were placed on the auction block this week as the company continues its rationalization of retail sites. Spokesperson Scott Dean said the sale is part on an ongoing move toward more jobber-owned-and-operated...

Plans to offer 10 million shares at $14-$16 a share

FRANKLIN, Tenn. -- Delek US Holdings Inc. set on Thursday its planned initial public offering (IPO) at 10 million shares at an estimated price of $14 to $16 per share, said Reuters. The Franklin, Tenn.-based diversified energy business said in an amended filing with the U.S. Securities &...

Jerry D. Maahs, founder and former president of foodservice equipment maker Alto-Shaam Inc., has passed away at age 74.
Profits would go to fix streets
Sovereign Investment acquires four Illinois Circle K locations
Road Ranger LLC has opened its second travel center in Missouri, located on I-44 near St. Louis in Fenton.
Sale is part of company's ongoing portfolio management strategy.
Licenses in jeopardy over signage
Ellis heads up Ypsilanti effort