News Briefs

May 2004
Convenience Store News;5/3/2004, Vol. 40 Issue 6, p12
Trade Publication
The article presents several developments related to the convenience store industry in the U.S. as of May 3, 2004. Kiel Bros. Oil Co. Inc. and Marinette, Wisconsin-based Bulk Petroleum Corp. have entered into a definitive asset purchase agreement whereby Bulk Petroleum will acquire substantially all of Kiel's convenience store locations and its wholesale petroleum operations. In another development, Wal-Mart Stores Inc. maintained its top spot on the Fortune 500 list, right ahead of oil giant Exxon Mobil Corp. Tulsa, Oklahoma-based Williams Co. is out of the oil refining and marketing business after selling its refinery in Alaska, its interest in the trans-Alaska oil pipeline and its 26 convenience stores in the state.


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