Quick Stats

Quick Stats

    You are here

    Isal Buys Stake in Empire Petroleum

    Subsidiary acquires 50 percent of Empire Petroleum Holdings for $6 million.

    ISRAEL -- A subsidiary of Isal Amlat Investment Ltd. signed a memorandum of understanding for the acquisition of 50 percent of Empire Petroleum Holdings LLC, which is held by Empire Petroleum Marketing LLC, for $6 million, Globes Online reported.

    Empire Petroleum, based in Rockville, Md., has long-term contracts to supply 65 million gallons of fuel annually to 140 gas stations on the U.S. East Coast.

    Last year, Isal pulled out of the acquisition of nine gas stations in South Carolina for $11.2 million.

    The company has investments in industry, real estate and commerce, including cosmetics chain New Pharm Ltd. and battery producer Schnapp Ltd.

    • About

    Related Content

    Related Content