The news source said that GB Oils will gain control of businesses in the fuels and lubricants, and fuel card sectors. These businesses will include Bates & Hunt, James D Johnson, Team Flitwick, GE Stevens, Able Energy, Vectis Oils, OJ Williams and Owen Fuels.
Pursuant to the sale agreement, Chevron and GB Oils will enter into a supply agreement and GB Oils will continue to use the Texaco brand.
Shariq Yosufzai, Chevron’s president of global marketing, as quoted by the news source, said: The Texaco brand has a strong presence in the UK. As a sales, marketing and distribution leader in the marketplace, GB Oils is a good match for our business. We are confident that GB Oils will continue to uphold the high quality and standards that Texaco customers have come to rely on for more than 90 years.
