Tesoro Closes Gull Acquisition


Tesoro West Coast Co., a subsidiary of Tesoro Petroleum Corp. said it has closed on its acquisition of 46 units from Boise, Idaho-based Gull Industries Inc. Terms of the deal were not disclosed.

The deal, which includes 37 convenience stores and nine commercial card lock facilities in Washington, Oregon and Idaho, increases Tesoro's store count to more than 250 units.
The company' operates a branded network of more than 600 stores, which includes a fuel marketing agreement on the West Coast with Bentonville, Ark.-based Wal-Mart Stores Inc.

Over the past three months Tesoro has been expanding its operations on the West Coast. In addition to opening its West Coast office, the refiner has added nearly 100 stores in the market.

Tesoro operates five refineries in the United States with a combined crude capacity of 390,000 barrels per day.
This ad will auto-close in 10 seconds