INDUSTRY BRIEFS

05/31/1999
Retail marketing Marathon Ashland Petroleum LLC (MAP), Findlay, Ohio, signed an agreement with Ultramar Diamond Shamrock Corp. (UDS), San Antonio, to acquire UDS's Michigan-based convenience stores, jobber network, and terminals. MAP will acquire 179 UDS-owned and operated stores, five product terminals, and supply contracts for about 240 UDS-branded jobber station sites. Also included in the sale is UDS's Michigan pipelines. MAP intends to assign Wolverine Pipeline Co., Dallas, the right to purchase the pipelines. MAP owners are Marathon Oil Co. 62% and Ashland Inc. 38%. Refining Ultramar Diamond Shamrock will shut down its 50,000 b/d refinery at Alma, ...
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