12/5/13 – 5:17 A.M.
Findlay’s Marathon Petroleum, the parent company of Speedway, is getting set to make a major investment in its retail chain. Convenience Store News reports Marathon will invest $925 million over the next three years in Speedway in an effort to grow the chain. MPC President and CEO Gary Heminger said Speedway will grow in existing and nearby markets through organic growth and strategic acquisitions. He made his comments during MPC’s 2013 Analyst & Investor Day events.
The article goes on to say Speedway will look to fill in gaps in major markets like Chicago, Indianapolis and Louisville. The brand will also look to expand into markets like Pittsburgh and several cities in Tennessee.
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