Press release
CST Canada proposed acquisition of Co-op Atlantic fuel business assets
Montreal, October 1, 2015 – CST Canada Co., the exclusive retailer of Ultramar branded
products in eastern Canada, is pleased to announce that it has agreed to acquire the
majority of the assets of Co-op Atlantic's bulk fuel and wholesale business, significantly
extending its presence in Atlantic Canada. Terms of the acquisition, which is subject to
court approval, were not disclosed.
"We are proud to be expanding our service offering in the Atlantic provinces through this
acquisition and look forward to serving customers previously served by Co-op Energy,"
said Martin Longpré, Vice president, Heating and Commercial sales, CST Canada. "We
already have a major presence in Atlantic Canada and this will enable us to continue to
raise our profile in the region.
The Business & Home Heating Division of CST Canada is one of the largest full- service fuel
resellers in Eastern Canada and has been serving the Atlantic Region for more than 50
years. It operates 46 delivery vehicles in Atlantic Canada serving more than 27,000
customers. This division maintains offices in Nova Scotia, PEI and Newfoundland. CST
also operates 165 retail fuel sites in the Atlantic Provinces.
Co-op Atlantic's bulk fuel business functions as an independent marketer and distributor
of petroleum products under the banner of Co-op Energy and operates in Prince Edward
Island, New Brunswick and Nova Scotia. In addition to the delivery of furnace oil, diesel
fuels and other petroleum-based products, it also sells and services a wide range of
equipment, including boilers, furnaces, wood stoves, heat pumps, splits and fuel tanks.
The majority of Co-op Energy's revenue is derived through the delivery of bulk fuels to
commercial and residential customers from its six active bulk plants.
About CST
CST Brands, Inc. (NYSE: CST) is one of the largest retailers of convenience merchandise
and motor fuels in North America. Based in San Antonio, Texas, CST employs
approximately 12,000 Team Members at nearly 1,900 locations throughout the
Southwestern United States and Eastern Canada, including 580 at the CST Customer
Service Center in San Antonio, Texas and 425 at the CST Service Center in Montreal,
Canada. The Company offers a broad array of convenience merchandise, beverages,
snacks and fresh food. In Canada, CST operates around 860 retail fuel sites in Greater
Toronto, Ottawa, the province of Quebec and the Atlantic Provinces. Its Dépanneur du
Coin and Corner Store sell signature Transit Café coffee and pastries. It distributes fuel
under various brands, including Ultramar, for which it is the exclusive retailer, Pipeline
Commercial, Shell and Esso. CST is also one of the largest distributors of home heating
oil in eastern Canada with more than 80,000 customers.
For more information about CST, please visit cstbrands.com
About Co-op Atlantic
Founded as Maritime Livestock Board in 1927 and incorporated as Maritime Co-operative
Services Ltd. On June 29, 1944, the co-operative federation and wholesaler changed its
name to Co-op Atlantic in 1977. Co-op Atlantic provides agricultural, energy and social
housing/real estate services to organizations and businesses in communities in the
Atlantic region. Co-op Energy has been one of Atlantic Canada's leading providers of
home comfort products and energy solutions.
-30Source:
CST Canada
Information: Pierre Tessier
Pierre.tessier@cominfrarouge.com
Communications Infrarouge
(514) 849-4554