Acquisition set to be finished by the end of 2007. Israel-based Petro Group Ltd. controlled by Arcadi Gaydmak through Ameris Holdings Ltd., has signed a memorandum of understanding to buy 110 U.S. gas stations and convenience stores Coast for $60 million, plus inventory when the deal is closed, through its subsidiary GPM Investments LLC. The [...]
Change is in the air in North Carolina and South Carolina, where several stations that once supplied Phillips 66 fuel products are now sporting black brands. The reason for this is the petroleum supplier’s sudden removal from the two states, pulling out the last of its stations on August 3, according to the Charleston Post [...]
Sold sites now under ownership of Wilco Hess and Sampson-Bladen. Matrix Capital Markets Group Inc. has successfully closed the sale of 12 Kwik Mart convenience stores owned by Goldsboro, N.C.-based Wooten Oil Co. The company revealed that it is leaving the industry to focus more on commercial real estate ventures. In March of 2007, Matrix [...]
Every year, thousands of employers fail to claim their fair share of the billions of dollars in government tax credits and incentive programs set aside for them. If you’ve never claimed yours, then the question is: “Why?” Maybe you just didn’t know about these federal and state programs designed to encourage employers to hire members [...]
In my usual rush, I found myself in a long, but swiftly moving line at a fast-food restaurant recently. Having nothing better to do, I did a little observing and confirmed what I really already knew, but had just never taken the time to place in proper perspective.More…
Acquisition marks end of friendly competition. After 33 years of service, Ryan Oil has decided to sell its five stores in Wisconsin to local competitor, Quality State, which operates the Q-mart chain. The deal was finalized July 30, and the former Ryan stores are now officially Q-marts, although the signage has yet to change. “It’s [...]
New network gives the chain central resources for healthcare management needs. QuikTrip has opted to use Multiplan Inc. for its PPO networking needs. The chain will utilize the MultiLine’s national primary PPO, the PHCS Network, throughout the country. In order to maximize employee choice while still saving on healthcare costs, QuikTrip will also make use [...]
Roughly 200 gallons of spilled fuel have been recovered. Altoona, Pa.-based Sheetz Inc. has been fined $8,500 by the Department of Environmental Protection (DEP) for a gasoline spill in March 2006 at its College Township, Pa. store. The spill caused soil, groundwater and surface water contamination. “Sheetz lost an undetermined amount of gasoline when an [...]
Three men arrested for posession of Chinese imitations and $350,000 in cash. Authorities in Queens, N.Y. have seized nearly 600,000 packs of cigarettes with brand names like Marlboros and Newports, half of which are suspected of being counterfeits from China, reported the Associated Press. The cigarettes were found during a raid late last week at [...]
Distribution deal with P&G makes the coffee available at chains like Wal-Mart, Kroger and CVS. As part of a branding strategy that was successful for Starbucks, packaged Dunkin’ Donuts coffee will be sold by the likes of Wal-Mart, Kroger and CVS in a bid to get customers to brew the brand at home. Procter & [...]
Plexus Systems suggests that many manufacturers are focusing on the wrong issues whenconsidering ERP solutions. The ERP industry has earned such a poor reputation for delivery in thelast 20 years that users has learned to live within a very narrow set of constraints – and thoseconstraints have been in place for so long that the [...]
New campaign collects donation for local charity. Sun Mart and the Mid-Columbia Reading Foundation, located in Kennewick, Wash., are teaming up to raise money to donate books to children During the month of August, area customers can buy a card for a dollar at all Sun Mart gas stations. Customers can then send those cards [...]
IFS brings back 7,500 units. The U.S. Food and Drug Administration (FDA) is in the processing of recalling 7,500 IFS Inc. vending machine and c-store sandwiches due to a possible contamination outbreak. According to the FDA, the South Elgin, Ill.-based company discovered some of the sandwiches might be contaminated with Listeria monocytogenes, an organism that [...]
Money to be used at funding local schools and transit systems. The Texas Commission on Environmental Quality (TCEQ) has fined San Antonio, Texas-based Valero Energy Corp. $119,149 for air emissions released by its Texas City plant in 2006, according to the Express-News. The TCEQ cited 12 different incidents that occurred at the plant. During each [...]
FTCR claims new campaign by the chain is just a cover up. Many Mobil and Exxon stations in California have begun posting small signs on each pump, calling it a “Motor Fuel Measurement Notice.” The Foundation for Taxpayer and Consumer Rights (FTCR), however, feels that the stickers–warning that the energy content of a gallon of [...]