Fuels

Long Island Deal

Cumberland Gulf expands brand portfolio with addition of 75 Mobil stations
FRAMINGHAM, Mass.-- With the purchase yesterdayas reported in a Morgan Keegan/CSP Daily News Flash yesterdayof ExxonMobil's real and contractual interests in 75 properties and a petroleum distribution fleet located in Suffolk and Nassau Counties, N.Y., the Cumberland Gulf Group of Cos. has added the Mobil brand to its portfolio that includes Cumberland Farms, Gulf and Exxon.

The 75 Long Island stations will remain branded as Mobil, and will be a combination of company-operated and dealer-operated locations.

"We are proud to welcome Mobil, one of the premier [image-nocss] brands in the Northeast, as a part of our business portfolio," said Joseph Petrowski, CEO of Cumberland Gulf Group of Cos. "Adding these high-quality sites fits with our company's long-term strategy of providing multiple quality brands to the motoring public."

All Mobil employees at the company-operated locations and in the petroleum distribution fleet are expected to be offered employment with Cumberland Farms, the company said.

"What drives successful retail businesses are the people," Petrowski added. "We are looking forward to the Mobil staff joining the Cumberland Farms family and participating in our continued growth."

Framingham, Mass.-based Cumberland Gulf Group of Cos. is comprised of Cumberland Farms, the largest convenience store and gasoline marketer in the Northeast, and Gulf Oil LLP, national wholesaler of refined petroleum products. Cumberland Farms' network of retail stores, gas stations and a support system including petroleum and grocery distribution operations spans 11 states across the Northeast and Florida. Its affiliate, Gulf Oil, distributes motor fuels through a network of more than 1,800 Gulf-branded stations, 12 proprietary oil terminals and a network of more than 50 other supply terminals. It supplies heating oil, diesel fuel, jet fuel and kerosene to these branded retail outlets through both its Gulf brand and, in the seven states of New England and New York, the Exxon brand.

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