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Canada: Parkland Completes Chevron Canada R & M ULC Acquistion

Canada: Parkland Completes Chevron Canada R & M ULC Acquistion

The transaction will make Parkland the exclusive distributor of Chevron-branded fuels

Canada’s largest and one of North America’s fastest growing independent marketers of fuel products, Parkland Fuel Corporation, has declared concluding its acquisition of Chevron Canada R & M ULC which operates a downstream fuel business in British Columbia and Alberta.

Bob Espey, President and Chief Executive Officer of Parkland said, “This acquisition provides Parkland with British Columbia’s strongest fuel marketing business and will make Parkland the exclusive distributor of Chevron-branded fuels. With this acquisition, Parkland is also acquiring the Burnaby Refinery, a proven asset that directly supports our core fuel marketing business in an important region, and enhances our supply advantage. We are extremely pleased to welcome the Chevron Canada refining and marketing employees to the Parkland team. We believe in and are committed to investing in these assets, and the local employees who will help us grow in BC and beyond.” PWKD04102017

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