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Article: United States: Irving acquires Maine petroleum assets.
- Article from:
- TendersInfo
- Article date:
- November 10, 2009
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Byline: manish03
Irving Oil Terminals Inc., a subsidiary of New Brunswick-based Fort Reliance, has reached an agreement to acquire two Maine petroleum terminals and over 100 miles of pipeline.
The Portsmouth, N.H.-based subsidiary will buy terminals in South Portland and Bangor and the 124-mile pipeline that connects them from Texas-based ExxonMobil, according to a press release from Irving. Irving and ExxonMobil signed the agreement last week, and closing is anticipated to happen in mid-December, pending regulatory review. "This acquisition enhances our ability to ...