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Article: Delek to buy East Coast Oil locations in Virginia. (Top of the News).(convenience stores)(Brief Article)
- Article from:
- National Petroleum News
- Article date:
- July 1, 2001
CopyrightCOPYRIGHT 2001 M2Media360. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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East Coast Oil Corp., Richmond, Va., has reached an agreement to sell its 36 stores to Delek -- The Israel Fuel Corp. Ltd. The deal is expected to close by mid-summer.
"We are very pleased to reach this agreement with Delek. The associates of East Coast have helped change the face of the convenience-store industry, and as a result the company's success drew attention from a number of potential buyers," said Dick Riley, president of East Coast Oil since 1993. "We believe that under Delek, East Coast stores will continue to provide excellent quality, value and service to customers and offer exciting ...