Long-standing convenience retailer and wholesaler Douglass Distributing Inc. is exiting the upstream end of its business, selling the company and several affiliates to Offen Petroleum LLC. Douglass will retain ownership of its 23 convenience stores.
Based in Sherman, Texas, Douglass is a recognized national leader in the propane, lubricant, and wholesale and commercial fuel businesses, serving customers primarily in Texas and Oklahoma. Douglass currently distributes more than 200 million gallons of fuel annually.
Douglass also maintains an extensive fuel carrier business and operates in part through an agreement with Old World Industries to provide product transportation, as well as on-site manufacturing of DEF, antifreeze and washer fluid products.
The deal does not include 23 convenience stores Douglass owns and operates in the north Texas area under the Lone Star Food Stores banner.
“We have built a strong and successful wholesale fuel business over the past 40 years and are proud of our hard working and dedicated team members," said Bill Douglass, chief executive officer of W. Douglass Distributing.
"We are pleased that Offen also recognizes the value and contributions of our team members, and, as a result, Offen will be retaining virtually all of the people who have supported our wholesale businesses.
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