Marathon builds giant retail chain

摘要

Marathon Petroleum Corp. said that its $2.87 billion acquisition of Hess's 1,342-unit retail network will provide fuel supply outlets for Marathon's Gulf Coast refineries and synergies increasing the economies of scale for general merchandise and food services. After the completion of this deal, set for the end of the third quarter, Speedway, the retail arm of Marathon, will leapfrog two spots to the second-largest retail gasoline company in terms of the number of company-operated stores, with 2,733 retail stations. Some 1,256 of the Hess stores are company-operated.