Parkland announces acquisition of Conrad & Bischoff Inc., establishing a new growth platform in the Pacific Northwest
February 26, 2021 08:00 ET
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Parkland Corporation
Parkland Corporation
Calgary, Alberta, CANADA
CALGARY, Alberta, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Parkland Corporation (“Parkland”, “we”, “our”, or “the Company”) (TSX:PKI) is pleased to announce that through its wholly owned U.S. subsidiaries (collectively, "Parkland USA"), it has entered into an agreement to acquire Conrad & Bischoff Inc. and its related companies (collectively, “C&B”). Through this acquisition, Parkland will establish a fourth U.S. Regional Operating Center (“ROC”) in Idaho Falls, ID.
C&B is a well-established retail, commercial, wholesale and lubricants business with annual fuel and petroleum product volume of approximately 700 million litres. Family owned and operated since 1959, C&B’s operations are concentrated in the fast-growing markets of Idaho and western Wyoming with additional distribution capability into Utah, Nevada, Montana and other states.