Aloha, Shell Finalize Hawaii Asset Sale

Includes 32 retail sites, rights to supply another 11 Shell-branded independent retail sites

HONOLULU -- Aloha Petroleum Ltd. said that it has finalized its purchase--announced in mid-May--of the petroleum assets in Hawaii of Equilon Enterprises LLC, doing business as Shell Oil Products US.

The sale includes 32 retail sites, five fuel distribution terminals and associated assets on Oahu, Maui, the Big Island and Kauai. It also includes the rights to supply another 11 Shell-branded independent retail sites.

Aloha Petroleum will continue operating the retail locations under the Shell brand under a long-term agreement. All regulatory reviews were completed prior [image-nocss] to the transaction closing.

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Shell Oil Products US, a subsidiary of Shell Oil Co., is a leader in the refining, transportation and marketing of fuels, and has a network of approximately 6,100 branded gas stations in the Western United States. Shell Oil Co. is an affiliate of the Shell Group. Shell Oil Co. is a 50% owner of Motiva Enterprises LLC, along with Saudi Refining Inc. Motiva refines and markets branded products through more than 8,300 Shell-branded stations in the Eastern and Southern United States. Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague.

Aloha Petroleum is independently owned and locally operated, and has a history in Hawaii that dates back to the early 1900s. It employs approximately 380 Hawaii residents, and operates more than 50 fueling locations on Oahu and the Big Island of Hawaii.