Schmitt Sales Sells Two Gas Stations to Sunoco

Source Press
Company Sunoco LP 
Tags Asset Deals, Deals, Refining & Marketing Activities
Date January 04, 2019

(buffalonews.com) A retail gasoline and car wash company has sold two of its existing local gas stations in the towns of Amherst and Boston to international giant Sunoco.

Schmitt Sales sold its Schmitt's Robo Mart Sunoco station at 665 Millersport Highway, near Eggert Road, and its  Sunoco station with a Crosby's convenience store at 8339 Boston State Road to the Dallas-based corporation. The purchase priceswere $336,000 and $256,000, respectively.

Schmitt was founded in 1964 by Peter C. Schmitt Jr., who was among the first distributors to install gas stations outside supermarkets and grocery stores. At one point, his company distributed nearly 200 million gallons of gas every year to stores in six Northeastern states, starting with self-service stations he established in the Southern Tier.

Schmitt died in 2003. The company is now run by President Peter G. Glor.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd