EG Group to acquire Schrader Oil in the U.S.

The acquisition includes 18 stations and will it expand EG Group’s present in North Colorado.

EG Group has entered into a binding agreement for the acquisition of Schrader Oil in the United States of America.

Schrader currently operates 18 convenience retail stores and fuel stations in Northern Colorado and employs 150 people.

EG Group already operates a network of 88 Loaf 'N Jug convenience stores in Colorado. The Schrader Oil sites will be rebranded to Loaf 'N Jug to provide customers with a consistent service and offer across our network in Colorado.

“We have a firm commitment to continue growing our presence in the USA, the world's largest convenience market. We are extremely pleased to have reached an agreement to acquire Schrader Oil as another strong network addition to our existing business,” said Mohsin Issa, Founder and co-CEO of EG Group.

The purchase of Schrader Oil will take EG Group's network to over 1,700 stores across the country, operating in 33 states and retailing over 2.5 billion gallons of fuel with merchandise sales of more than US$3 billion on an annualized basis.