Avfuel to buy Texaco business in 14 states...

 - May 13, 2008, 7:00 AM

Avfuel Corp., a leading independent supplier of aviation fuels and services, has entered into an agreement with Texaco to purchase its general aviation business in California, Alaska, Washington, Idaho, Nevada, Oregon, Utah, Arizona, Louisiana, Mississippi, Alabama, Georgia, Florida and Tennessee. The divestiture is one of the Federal Trade Commission requirements that will allow for the merger of Chevron and Texaco. The two companies have scheduled separate shareholder meetings on October 9 to seek final approval for the merger. Completion of the Avfuel acquisition is expected shortly after the merger closes. The acquisition will add about 200 more independent FBO outlets to the 700 current Avfuel branded dealers nationwide.