Colonial Group, Inc., headquartered in Savannah, has reached an agreement to acquire Foster Fuels, as reported by Bunkerspot. Foster Fuels is a Virginia-based company that supplies fuel, lubricants, propane, and essential energy services.
Foster Fuels' offerings include specialized 'mission critical' energy services. These services encompass emergency fuel response, particularly for critical industries and during natural disaster events, Bunkerspot noted.
The company's product portfolio, as detailed on its website, features marine greases, engine oils, and various fuel treatments. This range supports diverse operational needs within the energy and marine sectors.
Foster Fuels, established in 1921, operates from its headquarters in Brookneal, Virginia. The acquisition by Colonial Group aims to integrate these services and expand the combined entity's market reach.
Christian Demere, President and CEO of Colonial Group, stated to Bunkerspot that the companies recognized a strong alignment from the outset of their discussions regarding the acquisition.
