Delek US acquires 100% of Alon USA Energy

Refiner Delek US Holdings has agreed to buy the shares of Alon USA Energy it doesn't already own for USD464 million.

Delek US Holdings will acquire the remaining 53% of Alon USA Energy, an independent Dallas-based refiner and marketer of petroleum products with a large network of convenience stores.

 “We expect to be able to achieve meaningful synergies across the organization and the combination will create a refining system that will be one of the largest buyers of crude from the Permian Basin among the independent refiners,” said Uzi Yemin, Chairman, President and Chief Executive Officer of Delek US.

The combined company will have a broad platform consisting of refining, logistics, retail, wholesale marketing, as well as renewables and asphalt operations. The refining system will have approximately 300,000 barrels per day of crude throughput capacity consisting of four locations and an integrated retail platform that includes 307 locations serving central and west Texas and New Mexico. 

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