Delek US Holdings Announces the Formation of DK Trading & Supply
January 11 2019 - 4:50PM
Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) today announced the
formation of DK Trading & Supply, LLC (“DK Trading &
Supply”), a wholly owned subsidiary of Delek US. This will
consolidate commercial activities for crude oil, refined products
and renewable purchases, sales and other commercial activity under
one entity in 2019. These activities had previously been conducted
through a series of companies under the Delek US umbrella.
Avigal Soreq, EVP and Chief Commercial Officer
of Delek US, stated, “Following a series of acquisitions, customers
and suppliers were previously working with different entities under
Delek US. This step should enhance the customer and supplier
experience as it consolidates these activities under one name in
the marketplace that should simplify processes with our
counterparts. Our strategy, values and relationship with customers,
partners and stakeholders remains the same.”
Commencing January 2019, customers and suppliers
will begin transitioning to DK Trading & Supply. As this
transition is made during the first half of 2019, business
previously carried out under the Delek US umbrella (including
but not limited to Delek US Holdings, Inc., Delek Refining, Inc.,
Lion Oil Company, Delek Marketing & Supply, LLC, Alon USA, LP,
Alon Refining Krotz Springs, Inc and Delek Renewables, LLC) will be
done through DK Trading & Supply. Customers and suppliers
should direct any questions related to this transition to their
normal credit or commercial contact.
About Delek US Holdings,
Inc.Delek US Holdings, Inc. is a diversified downstream
energy company with assets in petroleum refining, logistics,
renewable fuels and convenience store retailing. The refining
assets consist of refineries operated in Tyler and Big Spring,
Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a
combined nameplate crude throughput capacity of 302,000 barrels per
day.
The logistics operations primarily consist of
Delek Logistics Partners, LP. Delek US Holdings, Inc. and its
affiliates own approximately 63% (including the 2 percent general
partner interest) of Delek Logistics Partners, LP. Delek
Logistics Partners, LP (NYSE: DKL) is a growth-oriented master
limited partnership focused on owning and operating midstream
energy infrastructure assets.
The convenience store retail business is the
largest 7-Eleven licensee in the United States and operates
approximately 295 convenience stores in central and west Texas and
New Mexico.
Media/Public Affairs Contact:Michael P.
RalskyVice President - Government Affairs, Public Affairs &
Communications615-435-1407
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