Tesoro Corporation (Tesoro), to become Andeavor on Aug. 1, 2017, has announced it has reached a definitive agreement that will enable the company to supply transportation fuels and launch the ARCO brand in the states of Sonora and Baja California, Mexico.
This agreement allows Profesional Fuels Solutions, S.A. de C.V. (ProFuels) to begin wholesale marketing operations in Mexico under the ARCO brand. The ARCO brand provides value to consumers through its high-quality TOP TIERTM gasoline. The first ARCO-branded stations are expected to open within the next 60 days.
Tesoro's wholesale marketing agreement with an affiliate of ProFuels, currently the largest operator of retail gasoline stations and a distributor of transportation fuels in northwest Mexico since 1991, provides ProFuels the ability to market and grow the ARCO fuel brand in the region.
Tesoro plans to integrate supply to Mexico with its West Coast refining, marketing and logistics system and expects to expand the brand throughout Baja California and Sonora to achieve a leading market position in both states.
"We are very excited to begin operations in Mexico and to launch the ARCO brand. This agreement furthers our strategic marketing integration and presents a tremendous opportunity to offer a high-quality fuel in a growing market," said Greg Goff, Chairman, President and CEO.