News & Media Centre
Puma Energy completes Ausfuel and Neumann Petroleum acquisitions
04 Mar 2013
Global mid and downstream energy company Puma Energy has today announced the completion of the acquisitions of Ausfuel and Neumann Petroleum.
The acquisition of Ausfuel will add 110 retail sites of Gull, Choice and Peak service stations to Puma Energy's portfolio, as well as 11 depots throughout Western Australia, Northern Territory, Queensland, South Australia and New South Wales.
The acquisition of Neumann Petroleum will add a retail portfolio of more than 120 service stations in Queensland and New South Wales, along with the company’s bulk seaboard fuel terminal at Eagle Farm in Brisbane.
Independently-owned Puma Energy also plans to develop a new petroleum import terminal at the Port of Mackay. The investments will see existing Neumann Petroleum and Ausfuel staff retained and jobs created as the business expands into new regions.
Commenting on today’s completion, Ray Taylor, Puma Energy Australia's General Manager said: “Puma Energy provides access to independent fuel supply and opportunities to help businesses like Ausfuel and Neumann grow their market share and expand into new regions and ultimately bring more competition to the Australian fuel market,” said Mr Taylor.
For Australian press enquiries please contact:
Cole Lawson Communications
Tel: +61 (0) 7 3221 2220 or +61 (0) 414 875 337
For global press enquiries please contact:
Puma Energy Global Press Office
Note to editors:
Ausfuel is a leading energy distribution group with a 30 year history and operations in fuel retailing, distribution and transportation. Ausfuel has operations in the Northern Territory servicing remote regional areas with addition reach into Queensland, Western Australia and South Australia.
Ausfuel owns Gull Petroleum, Choice Petroleum and Peak Petroleum brands.
Gull is Ausfuel’s leading retail brand in Western Australia and the Northern Territory with a portfolio of 98 service station sites and a developing commercial fuels distribution business servicing the growth regions in WA and the NT.
The Choice operation comprises 21 company owned sites and 20 Choice-branded reseller service stations.
Neumann Petroleum is an Australian independent fuel marketer which operates more than 120 service stations under the Neumann or Matilda brands from Gladstone to Toowoomba in the West and as far south as Eden on the New South Wales South Coast.
Neumann Petroleum also owns and operates a bulk seaboard fuel terminal located at Eagle Farm, Brisbane serving customers include local service stations, distributors, primary producers and commercial end-users. The company is a leader in biofuels, providing ethanol enriched fuel (E-Gen) and biodiesel. www.neumannpetroleum.com.au
Puma Energy is an integrated midstream and downstream oil company active in Africa, Latin America, the Caribbean, North East Europe, the Middle East and Asia. Formed in 1997 in Central America, Puma Energy has since expanded its activities worldwide, achieving rapid growth, diversification and product line development.
The group manages over 5,000 people and now operates in over 35 countries worldwide, with regional hubs in Tallinn (Estonia), Johannesburg (South Africa), San Juan (Puerto Rico) and Singapore. Puma Energy’s core activities in the midstream sector include the supply, storage and transportation of petroleum products. Puma Energy’s activities are underpinned by investment in infrastructure which optimises supply chain systems, capturing value as both asset owner and marketer of product.
Puma Energy’s downstream activities include the distribution, retail sales and wholesale of the full range of refined products, with additional product offerings in the lubricants, bitumen, LPG and marine bunkering sectors. Puma Energy now has a global network of over 1,500 retail service stations. Puma Energy also provides a robust platform for independent entrepreneurs to develop their businesses, by providing a viable alternative to traditional market supply sources.
Puma Energy LLC is a subsidiary of Dutch-based Trafigura Beheer B.V. – one of the world’s largest independent commodity traders. Sonangol (the national oil company of Angola) is a 20% shareholder in Puma Energy.