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Chesapeake Petroleum & Supply Co. Purchases Skyline Oil Co.


10/20/2010

Chesapeake Petroleum has acquired the business of Skyline Oil Co.
 
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.”












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