TAMPA — Amalie Oil has acquired a South Carolina petroleum business that the company says will help grow its reach, giving it a second facility with extra space to store and bottle its products.
Tampa-based Amalie bought the facility, which blends and bottles lubricants, from the Russian oil company Delfin last month.
Terms of the deal were not released, but Delfin bought the property in 2007 for $20 million and announced plans to spend $55 million more to upgrade it, the (Charleston, S.C.) Post and Courier reported at the time.
The purchase gives Amalie 42 acres on the Port of North Charleston's deep-water channel, a pier capable of unloading some ships and connections to railroad tracks and interstate highways. The property also includes 14 million gallons of tanks, increasing Amalie's storage capacity to 32 million gallons.
"This new facility is an opportunity for us to enhance our ability to service both the domestic and international markets," Amalie president Harry Barkett said in a statement.
Amalie took over naming rights of the home of the Tampa Bay Lightning in 2014.