FOR IMMEDIATE RELEASE
Framingham, MA – September 14, 2010 – The Cumberland Gulf Group of Companies today announced the purchase of ExxonMobil’s real and contractual interests in 75 properties and a petroleum distribution fleet located in Suffolk and Nassau Counties, New York. The stations will remain branded as Mobil, and will be a combination of Company-operated and dealer-operated locations.
“We are proud to welcome Mobil, one of the premier brands in the Northeast, as a part of our business portfolio,” said Joseph Petrowski, CEO of Cumberland Gulf Group of Companies. “Adding these high quality sites fits with our Company’s long term strategy of providing multiple quality brands to the motoring public.”
All Mobil employees at the Company-operated locations and in the petroleum distribution fleet are expected to be offered employment with Cumberland Farms. “What drives successful retail businesses are the people,” Mr. Petrowski added. “We are looking forward to the Mobil staff joining the Cumberland Farms family and participating in our continued growth.”
About Cumberland Gulf Group of Companies
The Cumberland Gulf Group of Companies is comprised of Cumberland Farms, the largest convenience store and gasoline marketer in the Northeast, and Gulf Oil Limited Partnership, national wholesaler of refined petroleum products. Both companies are committed to becoming the premier brands of choice for an on-the-go-world. To learn more visit www.cumberlandgulf.com.
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