Musket enters into refined products European procurement agreement with EG Group
The agreement is expected to complement EG Group’s existing supply options and unlock value from its refined products and supply chains.
Houston, September 18, 2024 – Musket Corp., the trading and logistics arm of the Love’s Family of Companies, and EG Group, an independent leading convenience retailer, announced they have entered a long-term procurement agreement with an initial focus on the Benelux region in Western Europe. The agreement is expected to complement EG Group’s existing supply options and unlock value from its refined products and biofuels supply chains.
“By combining EG Group’s European retail footprint with Musket’s global end-user network we aim to find synergies and economies of scale for both parties,” said JP Fjeld-Hansen, executive vice president of Musket. “EG Group has an established history of innovation and delivering excellence in Europe and Musket looks forward to joining efforts with such a respected and accomplished global brand.”
Since 2001, Musket has been the integrated fuel trading and supply enterprise for Love’s Travel Stops in the United States. They are responsible for ensuring Love’s 650 travel stops and country stores, across 42 states are stocked with fuel for professional drivers and casual customers. In 2023, Musket established European operations with headquarters in Geneva, Switzerland, which extended its established commodity supply and logistics platform.
"We are excited to announce this strategic fuel procurement agreement with Musket, which ensures a consistent, competitive, reliable, and efficient supply for our operations,” said Gustav le Juge, EG fuel director Europe. "By joining forces with Musket, a trusted procurement partner, we are not only securing the resources necessary to meet growing demand but also enhancing our ability to deliver greater value and sustainability to our customers. This collaboration underscores our commitment to operational excellence, energy security, and environmental responsibility as we work together toward a more sustainable future."
About the Love’s Family of Companies
The Love’s Family of Companies is headquartered in Oklahoma City and employs more than 40,000 people across the United States. Love’s Travel Stops is the nation’s leading travel stop network with 650 locations in 42 states. Love’s also includes two Houston-based companies Musket Corporation, which specializes in commodity supply, trading and logistics across North America, and Trillium Energy Solutions, a leading provider of renewable fuels and alternative fueling solutions, which offers expertise in compressed natural gas, hydrogen, electric vehicle charging, renewable natural gas, solar installation and on-site electricity generation. Gemini Motor Transport is a nationwide motor carrier comprised of 1,300 trucks hauling fuel and refined fuel products including diesel exhaust fluid, propane, ethanol, jet, biodiesel, and specialty products. Love’s has more than 430 truck service centers, which include Speedco and Love’s Truck Care locations. To learn more, visit loves.com or musketcorp.com.
About EG Group
EG Group is one of the world’s leading independent convenience retailers with an extensive network of sites across international markets in Europe, Australia and the United States of America. Founded in 2001 by the Issa family with the acquisition of a single site in the United Kingdom, today the company is at the forefront of delivering an innovative approach to forecourt convenience retail. At EG Group, we pride ourselves on being recognized for our investment model, trading performance and more importantly, providing a best-in-class customer experience in Grocery & Merchandise, Foodservice and Fuel. To learn more, visit our website: www.eg.group.
EG Group Media Contact:Name: FGS Global
Email: eggroup-lon@fgsglobal.com