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Delek US acquires remaining assets of Alon USA Partners

Delek US to fully own Alon USA Partners after acquiring the remaining 18.4% of the company.

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Alon USA Partners announced it has entered into a merger agreement with Delek US Holdings in which Delek will acquire all the outstanding ALDW shares that it doesn’t already own.

Alon Partners owns and operates a crude oil refinery in Big Spring, Texas, with a crude oil throughput capacity of 73,000 barrels per day. Its products are are marketed primarily in Central and West Texas, Oklahoma, New Mexico and Arizona.

“This was one of our strategic initiatives following the acquisition of Alon USA on July 1, 2017. It should allow us to simplify our corporate structure, reduce public company costs, reallocate cash flow from distributions to growth investments and enable us to efficiently dropdown logistics assets to Delek Logistics Partners in the future,” said Uzi Yemin, CEO of Delek US.

Tennessee-based Delek U.S. bought 48% of Alon in April 2015.

Delek US’ convenience store retail business is the largest 7-Eleven licensee in the United States and operates approximately 300 convenience stores in central and west Texas and New Mexico.

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