Marathon Petroleum Corp.’s wholly-owned subsidiaries, including Speedway, have entered into an agreement to acquire a 900,000-barrel capacity gasoline, diesel and asphalt terminal, and 33 NOCO Express retail stores in Buffalo, New York, from NOCO Inc.

The acquisition supports Marathon’s “Midwest product placement strategy and builds upon prior investments, including Speedway’s acquisition of 78 Express Mart locations in western New York, to maximize our refinery utilization,” said Gary Heminger, chairman and chief executive officer of Marathon Petroleum.

“The terminal is well positioned to receive supply from the Midwest, Canada or the New York Harbor via multiple supply routes, including pipeline, truck, rail or waterborne vessels and deliver our products in this attractive new market.”

The transaction is subject to standard regulatory approvals.

Comments