Farm & Home is a regional distributor of refined petroleum products in eastern and central Pennsylvania and surrounding areas. The partnership expects the acquisition to close in the first quarter of 2008, subject to regulatory approvals and other customary closing conditions.
During last year, Farm & Home provided over 550 million gallons of refined petroleum products, including gasoline and distillates, to customers through a network of five terminals and other company-owned distribution assets.
Forrest Wylie, chairman and CEO of Buckeye, said: We are excited about the opportunity to work with the management team at Farm & Home to grow its business while maintaining Farm & Home’s track record of providing dependable and cost-effective service to its customers. We expect the purchase transaction to be immediately accretive to the partnership’s cash available for distribution.
