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Slide #32. Susser Holdings Corporation — Gainesville Fuels Inc.
Susser Holdings Corporation (SUSS)
Gainesville Fuels Inc.
Susser Holdings Corporation (NYSE: SUSS) and Susser Petroleum Partners LP (NYSE: SUSP) today announced that SUSS has completed the acquisition of Gainesville Fuels Inc., which operates a wholesale fuel and lubricants distribution business selling approximately 60 million gallons of diesel annually to oil and gas producers in northern Texas and southern Oklahoma. SUSS will contribute the acquired company to SUSP.
Susser Holdings is a holding company. Through its subsidiaries, Co. is engaged in the operation of retail convenience stores and wholesale motor fuel distribution. As of Dec 29 2013, Co.'s retail segment operated 580 convenience stores in Texas, New Mexico and Oklahoma, providing merchandise, food service, motor fuel and other services. Co.'s retail stores operate under its proprietary Stripes® convenience store brand. Co.'s wholesale motor fuel segment purchases motor fuel from refiners and distributes it to its Stripes® convenience stores, contracted independent operators; independently operated consignment locations, unbranded convenience stores and other commercial users.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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