GAITHERSBURG,
Md. — Chesapeake Petroleum, a distributor of nationally known brands of
motor oils since 1961, has acquired the business of Skyline Oil Co.
Chesapeake Petroleum is based in Gaithersburg, Md. Skyline is located in Winchester, Va., and has been in business for 43 years.
Tony
Santy, CEO of Chesapeake, commented that, “With the acquisition of
Skyline, we are adding three new brands of motor oil to our already
impressive portfolio of nationally known lubricants. We feel it will
ensure that any retail outlet in our area of distribution interested in
giving its customers a quality brand of motor oil need only deal with
one distributor.” Chesapeake says it is seeking to expand its
geographical footprint by acquiring distribution businesses that are
compatible with its philosophy of providing high-quality products and
services to its customers and that the acquisition of Skyline will help
to further that objective.
David
Sunter, the owner of Skyline, added, “I am pleased that the business of
Skyline will continue in the hands of Chesapeake, and I am confident
Skyline customers will be well served after the acquisition.”