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  • Shell completes acquisition of Landmark fuel and convenience network
    édité le 02/06/2022 - Plus de news de "SHELL" - Voir la fiche entreprise de "SHELL"


Shell completes acquisition of Landmark fuel and convenience network
Shell Retail and Convenience Operations LLC, a wholly owned subsidiary of Shell Oil Products US (Shell), has completed the acquisition of certain company-owned fuel and convenience retail sites from the Landmark group of companies (Landmark). The acquisition also includes supply agreements for the independently operated fuel and convenience sites.

Building on the strength of its existing networks, this acquisition brings Shell closer to its customers and enhances Shell’s market presence by growing its mobility footprint in a key region in the U.S., which is one of the largest fuels and convenience retail markets in the world.

With this acquisition, Shell is advancing its Powering Progress strategy in three ways: by growing its retail footprint in a core market, by providing opportunities to offer customers expanded fuelling options (including electric vehicle charging, hydrogen, biofuels and lower-carbon premium fuels) and by allowing for the growth of non-fuel sales through an enhanced convenience offering.

Notes:

   - On October 26, 2021, Shell announced it had reached an agreement to purchase the Landmark fuel and convenience network.
     - The agreement has been adjusted to remove 64 company-owned Landmark sites, which currently sell Exxon Mobil branded fuels.
     - The agreement has been adjusted to remove fuel supply agreements for nine (9) dealer-owned sites, which currently sell Chevron and Texaco branded fuels.
     - There is no change in the agreement for sites within Texas Petroleum Group, LLC (TPG), previously a 50/50 joint venture between Equilon Enterprises LLC (d/b/a Shell Oil Products US) and Landmark Industries Holdings, LTD.
   - More than 1,400 Landmark team members enable Shell to grow its company-owned network in the U.S.
   - TPG will be a wholly owned subsidiary of Shell Retail and Convenience Operations LLC, within Shell’s Downstream Mobility business.
   - Shell remains committed to collaborating with wholesalers and dealers to serve customers, drive business value, and thrive through the energy transition.
   - Shell will continue to support and grow with our wholesalers, dealers, and JV partners who own and operate more than 13,000 Shell-branded sites across the U.S.

About Shell plc

Shell is a global group of energy and petrochemical companies that aims to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally and socially responsible.


Origine : Communiqué SHELL

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