The opening is in keeping with the agreement announced last July between CST and Imperial Oil
MONTREAL, Dec. 17, 2014 /CNW Telbec/ – As we approach the holiday season, CST Brands Inc. (CST) is pleased to inaugurate in Port Hope (Ontario) its first service station under the Esso banner in Canada. This announcement is in keeping with an agreement that was announced last July between CST and the Imperial Oil Company, allowing CST to resell Esso brand fuel to Canadian motorists.
Located 100km east of Toronto, in a strategic traffic corridor, bordering Highway 401, the Port Hope Esso service station operated by CST is at 2211 County Road #28 and also includes a Corner Store outlet. It has ten employees.
« This is a major step in our Canadian development strategy. By reaching agreements with well known oil companies such as Imperial to commercialize brands of fuel, we hope to strengthen our presence in the various Canadian markets, particularly in Ontario », said Christian Houle, Senior Vice-President, Canadian Retail, CST Brands Inc. « Esso is a major brand and we are proud to now offer it not only to consumers, but also to independent retailers who wish to associate themselves with this banner. Other sites are currently being considered and will be the subject of forthcoming announcements. In fact, CST plans to open between 40 and 50 new stores in North America in 2015, all banners combined ».
We should point out that in 2014, CST continued to implement its strategic initiatives, with the construction of 38 new stores in North America and actively took part in consolidating the industry in order to stimulate sales and reduce costs.
About CST Brands Inc.
CST Brands, Inc. (NYSE: CST) is one of the largest retailers of convenience merchandise and motor fuels in North America. Based in San Antonio, Texas, CST employs approximately 12,000 Team Members at nearly 1,900 locations throughout the Southwestern United States and Eastern Canada, including 580 at the CST Customer Service Center in San Antonio, Texas and 425 at the CST Service Center in Montreal, Canada. The Company offers a broad array of convenience merchandise, beverages, snacks and fresh food. In Canada, CST operates around 860 retail fuel sites in Greater Toronto, Ottawa, the province of Quebec and the Atlantic Provinces. Its Dépanneur du Coin and Corner Store sell signature Transit Café coffee and pastries. It distributes fuel under various brands, including Ultramar, for which it is the exclusive retailer, Pipeline Commercial, Shell and Esso. For more information about CST, please visit cstbrands.com
SOURCE CST Brands, Inc.
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