updated: 5/25/2012 8:06:31 PM
An Indiana fuel company is clarifying its recent deal with Wisconsin-based U.S. Ventures Inc. Trueblood Oil Co. in Farmersburg has announced the sale of its "Branded Retail Gasoline Business" to the Wisconsin company. Trueblood says the transaction will allow it to focus on lubricants and industrial/wholesale fuels.
It is not selling its wholesale fuel business.
A newspaper in Wisconsin reported Trueblood was selling the branded wholesale fuel supply business.
Many news outlets, including Inside INdiana Business, attributed the initial reports about the deal to the Appleton Post-Crescent.
The Sullivan County company e-mailed a news release to Inside INdiana Business Friday evening to clear up any confusion about the sale.
May 25, 2012
Trueblood Oil Co, Inc., based in Farmersburg, IN, announced the sale of their “Branded Retail Gasoline Business” to US Ventures from Appleton, WI. This will allow US Oil, a division of US Ventures to grow the Sunoco brand and Sunoco Convenience Stores throughout the Midwest and allow Trueblood Oil to focus on Lubricants and Industrial/Wholesale Fuels.
Trueblood Oil office and service staff remains the same and are in the process of building another lubricants warehouse at their Farmersburg facility to better serve their customers throughout Indiana, Illinois and Ohio.
Trueblood Oil remains committed to provide quality lubricants through major brands as well as blending of specialty products and reclamation. Trueblood Oil is also increasing partnerships with major oil companies to provide the best quality diesel fuel, diesel emission fluids, additives and gasoline for all sizes of businesses.
Source: Trueblood Oil Co.