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Amerada Hess Announces Retail Marketing Acquisition
01/29/2001
Amerada Hess announced today that it has reached agreement to purchase 53 company-operated
retail outlets located primarily in the Boston metropolitan area and southern
New Hampshire from Gibbs Oil Company Limited Partnership. The sites, most of which
include convenience stores, will be rebranded HESS. The transaction will strengthen
the Corporation's position as the leading independent retail marketer in the Boston
metropolitan area.
The transaction is expected to close in the second quarter of 2001..
Contact: Amerada Hess corporation..............C.T. Tursi (212) 536-8593