Irving Oil Announces Successful Acquisition of Refinery in Ireland

Irving Oil announced today the successful close of its purchase and sale agreement with Phillips 66 (NYSE: PSX) to acquire the Whitegate refinery in Ireland.
According to the press release:

The agreement was announced by Irving Oil on August 3 with an expectation that the transaction would close by the end of the third quarter once all conditions of the sale were met.
With the transaction finalized, Irving Oil has assumed full ownership of the refinery and will continue full operation of the facility, including maintaining its existing workforce.
As the country’s sole refinery the Irving Oil Whitegate Refinery will continue to provide a secure and reliable supply to its existing customer base.
“This is a historic day for our company. We’re thrilled to welcome new members to the Irving Oil team, serve new customers and grow our business across the Atlantic,” says Ian Whitcomb, President of Irving Oil. “The Irving Oil Whitegate Refinery has a long-established positive work environment and strong safety culture, and we will continue to uphold these values while offering our customers in Irelandan exceptional service experience.

Click here for the full press release.