Posts Tagged ‘Mobil’

ASX Company News: Metcash Expands Supply To Mobil Quix Stores

Friday, February 4th, 2011

Australia’s leading independent grocery and liquor wholesale distributor and marketer, Metcash  Limited (MTS), announced a major expansion of its Campbells C-Store Distribution business, with the addition of about 230 Mobil Quix and other convenience/petrol outlets to its client base over the next 12 to 15 months.

The new arrangements, expected to generate an extra $140 million in annualised sales revenue, follow the acquisition of Mobil by 7-Eleven Australia, whose 400 convenience stores across Australia are already supplied by C-Store Distribution. Campbells and 7-Eleven have formed a joint operational team to ensure the effective conversion of Mobil corporate stores into the very successful 7-Eleven system and the new supply arrangements. The Mobil commission agent sites will come on to the new arrangements as they convert to the 7-Eleven brand across the balance of 2011. C-Store Distribution will supply grocery, tobacco, soft drinks, confectionery and oil lubricants to the strongly performing chain of outlets across capital cities and major regional centres.

Chief Executive Officer of Campbells Wholesale, Peter Dubbelman, said “We are delighted that the independents have gained the opportunity to grow their share of the convenience sector under the proven and very successful 7-Eleven franchise model. “C-Store Distribution is effectively a Total Supply Solution for 7-Eleven, which has enjoyed strong efficiency gains over the last four years”, he added. Chief Executive Officer of 7-Eleven, Mr Warren Wilmot, said “We will use Metcash’s distribution systems to improve the support of Mobil stores through improved pricing, more efficient deliveries, better fulfilment rates, as well significantly reducing delivery and administrative costs. “We have developed a strong working relationship with the Campbells team and look forward to delivering a great service to the Mobil stores”, he concluded.

www.metcash.com

http://www.traderdealer.com.au/Fundamentals/mts

Post to Twitter

Caltex Australia to Acquire Mobil Petrol Stations

Thursday, May 28th, 2009

Caltex Australia (Caltex) has entered into an agreement to acquire 302 Mobil service station sites. The acquisition cost to Caltex is in the order of $300 million including estimates for inventories and other settlement costs which will be finalised on completion.

This agreement is subject to Australian Competition and Consumer Commission (ACCC) and the Foreign Investment Review Board (FIRB) review and clearance which we expect will take some months to complete.

“The acquisition is a good strategic fit for Caltex. It will enable Caltex to grow its business consistent with its long term strategy of being a marketing-led business,” Caltex Managing Director and CEO Des King said this morning.  “Today, Caltex is primarily a wholesaler of fuel but a relatively small player in the retail fuel market when compared with Coles Express, Woolworths and BP. This acquisition will allow us to better compete in the retail fuel market with these major players.” 

Caltex is purchasing the 302 Mobil service station sites as a going concern, providing it with experienced people to help grow the business. “Caltex will take on more than 1700 employees. 

www.caltex.com.au

Post to Twitter