Parkland completes acquisition of assets from Mort Distributing, Inc.
CALGARY, Alberta, Dec. 17, 2019 (GLOBE NEWSWIRE) -- Parkland Fuel Corporation (“Parkland”) (TSX:PKI) announced today that through its wholly owned U.S. subsidiaries (collectively, "Parkland USA"), it has completed the previously announced acquisition of the assets of Mort Distributing, Inc. and its affiliates (collectively, “Mort”).
Mort is a marketer and distributor of fuels and lubricants serving retail, commercial and wholesale customers across Montana. Please see Parkland's press release dated November 21, 2019 for more information about this acquisition.
About Parkland
Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.
Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.
For Further Information Parkland Investor Inquiries Brad Monaco Director, Investor Relations 587-997-1447 Brad.Monaco@parkland.ca Parkland Media Inquiries Leroy McKinnon Senior Specialist, Corporate Communications 403-567-2573 Leroy.McKinnon@parkland.ca
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