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RICHARDSON, Texas -- Titan Global Holdings Inc., parent company to convenience store retailer and marketer Appalachian Oil Co. (Appco), saw continued organic growth from Appco since the closing of the acquisition in September 2007, as the company added four dealer wholesale accounts in North Carolina and Tennessee, the company stated.
"We continue to offer wholesale customers access to petroleum products from a wide range of branded and unbranded sources," John Thomas III, president of sales and marketing at Appco, said in a statement. "We will aggressively pursue continued opportunities to expand our geographic reach and increase market share in the markets we currently serve."
Appco distributes petroleum products to more than 165 dealers in the southeastern U.S., and operates 56 convenience store locations.
"John's continued organic growth in distribution furthers our opportunities to lead our markets in the distribution of biofuels as well," Marty Anderson, president and CEO of Appco, said in a statement. "One of our key strategic initiatives is to leverage our established distribution network to enable energy independence and environmental responsibility in our markets and to increase returns for our shareholders. We have recently announced agreements to increase our access to biofuels and our organic growth is increasing the demand for these fuels."