Corporate News

Corporate news affecting the convenience store industry

Industry leader Boney was 91

SAN DIEGO, Calif. -- Henry A. Boney, the National Association of Convenience Stores' the first elected leader, passed away on December 14,at the age of 91, the association said. "The entire NACS family is deeply saddened by this loss," NACS President and CEO Hank Armour told NACS Online. "Henry...

Superstop buys two BP stations in separate deal

FRANKLIN, Tenn. -- Delek US Holdings Inc. has completed a dealas reported in CSP Daily News in mid-Novemberfor 25 stations and four properties in Nashville, Tenn., from BP Products North America for $33 million, said The Jerusalem Post. A unit of Netanya, Israel-based Delek Fuel Group Ltd., Delek...

CSX study says 2005 shaping up to be banner year for retailers

NEW YORK -- Despite Hurricanes Rita and Katrina, record-high gasoline prices and painful spikes in credit-card fees, industry numbers tied to gross profit dollars and same-store sales paint 2005 as a banner year for petroleum retail and convenience store operators, according to an industry...

Mullen joins Jones
Peninsula Petroleum, owned by M.J. Castelo and Indy racers Mario and Michael Andretti, purchased Humboldt Petroleum and its 16 gas stations Thursday.
On December 2, McCullough Oil acquired six Jolly Food Stores located in the greater Birmingham, Ala., market, for an undisclosed amount.
Lamont Glendinning and John Morrison have both been promoted to vice president of business development positions.
Japanese company plans to rapidly expand upscale concept in 2006
C-store broker adds managers
Rose, Podeschi latest to leave retailer after Japanese buyout