Parkland Corp. will exit Florida after initiating a process to divest its retail and commercial businesses within the state.
The company's Florida business includes approximately 100 retail sites, nine cardlock facilities and four bulk storage plants and warehouses. There are reportedly early indications of substantial business in the Florida assets, and Parkland expects to complete this disposition within the next 12 to 18 months.
"This disposition reflects our commitment to direct capital towards our highest return opportunities and maximize shareholder value," said Bob Espey, Parkland president and CEO. "We remain deeply committed to our northern U.S. business, which is performing well and has strong connectivity with Canada."
Photo above is a retail site in Florida, not related in any way to the above announcement
Full story Parkland to Divest Florida Business | Convenience Store News (csnews.com)
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