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English Español JET Retail UK Limited announces acquisition of Harrogate Investments Limited

The acquisition sees JET Retail take over ownership of four sites in the northeast of England.

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Author: PetrolPlaza Correspondent Pablo Plaza

JET Retail UK Limited – a wholly-owned subsidiary company of Phillips 66 Limited – has announced the acquisition of Harrogate Investments Limited and its operating company, Kenworth Limited, from owner Barry Raw.

The acquisition, which took effect on 19 th December 2019, sees JET Retail take over ownership of four sites in the northeast of England which were operated by director Joan Raw, through Harrogate Investments Limited’s operating company, Kenworth Limited.

The newly acquired sites are Beacon Garage in Catterick, Redworth Service Station in Shildon, Chilton Filling Station in Ferryhill and Wheatley Hill Filling Station in Durham. All four sites are situated in JET’s heartland of northern England and are currently NISA branded but will be rebranded in the new JET image in due course.

“We are delighted to unveil this latest raft of site acquisitions to our company-owned network, which now stands at nine sites. Barry and Joan have established four truly exemplary sites that reflect the highest level of forecourt retailing standards we aspire to for our entire network,” said Mary Wolf, Director of JET Retail UK Limited.

“When my brother Barry and I made the decision to sell the business we were approached by a number of potential buyers but when we learned that JET was looking to acquire sites for its CODO network, it was a no brainer. If anyone was going to buy it, we wanted it to be JET,” commented Joan Raw, Managing Director of Kenworth Limited.

“Our relationship with JET spans 27 years and three of our forecourts were formerly JET branded. We’ve kept in touch with the JET team over the years at industry events and through visits from their regional account managers.

“It’s the end of an era as Barry and I are retiring from forecourt retailing, but it’s also an exciting new chapter for our sites as they return to the JET brand.”

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