Woodford Oil Expands Operations and Product Offerings with Acquisition of Elite Petroleum
Woodford Oil Co., headquartered in Elkins, has acquired the lubricants business of Elite Petroleum, Inc. of Danville, KY. This acquisition represents another confident step toward Woodford’s growth plan, which includes gaining new territory for marketing and distribution. The addition of Elite Petroleum’s marketing area enables Woodford to expand its current distribution network and marketing capabilities into Central Kentucky and beyond.
With a larger business territory, Woodford can extend its products and services to even more businesses and consumers. “With every new venture, Woodford has two essential criteria: quality and growth. By acquiring Elite’s lubricants division, we get both. Our expanded operations and offerings help us maintain our position as leaders in the industry,” said Woodford Oil’s Vice President, Scott Kiser.
Strengthening the acquisition, Woodford says, is Elite Petroleum’s longstanding, reputable history in petroleum marketing. The management and employees of Elite bring a vast knowledge of the lubricants industry and have top recognition within the industry, achieving Chevron Signature/ 1st Source Marketer status every year since the program’s inception.
About Woodford: Woodford is a locally owned distributor of fuel and lubricant products. Headquartered in Elkins, WV, Woodford Oil serves West Virginia, Virginia, Maryland, North Carolina, Kentucky, Ohio and Pennsylvania. Click for more.