BP expands Scottish network
Posted: 13 July 2003
BP is to expand its Scottish retail network by acquiring 25 service
stations owned by Texaco Ltd in the central area of Scotland.
The move is part of an asset 'swap' between the two companies that
will see Texaco Ltd, a subsidiary of ChevronTexaco, taking over
a number of BP sites in Wales and the south-west of England.
"Scotland is an attractive market for us and one where we
want to grow our flagship Connect site presence," says Graham
Sims, BP's Retail director. "We see real opportunities here
to grow our fuels business and also our convenience store business."
He said Scotland is also special for BP because of the long association
between BP and the North Sea and because, at Grangemouth, BP had
one of the world's best manufacturing and distribution facilities
for clean fuels.
"So it makes sense for us to capitalise on those assets."
BP will be making a multi-million pound investment in the newly
acquired network. That includes plans to transform, immediately,
at least four of the sites into its flagship BP Connect convenience
offer, complete with the award-winning Wild Bean café.
In total BP will exchange 21 service stations in Wales and the
south west for 25 of Texaco's Scottish service stations, plus a
further four undeveloped Texaco sites. The Scottish locations are
all in the central belt of Scotland, between Dundee and Ayr, and
mostly around Edinburgh and Glasgow.
"This deal is a further direct investment by BP in Scotland,"
says Sims. " It will allow us significantly to expand our leading
edge Connect convenience store offer, as well as enhancing the availability
of our clean fuels for Scottish motorists. It's a good deal for
everyone concerned."
Rebranding is expected to be complete by year end.
For more information see http://www.bp.com.
Posted by Richard Price,
Editor Pipeline Magazine
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