Make us your home page
Instagram

Amalie Oil buys South Carolina facility, growing its capacity

Amalie Oil Company president Harry Barkett, left, and his brothers VP Anthony Barkett, center, and COO Richard Barkett  with vintage oil lubester in lobby of Amalie headquarters at 1601 McCloskey Blvd in the Port of Tampa in September 2014, soon after the company won the naming rights to the home of the Tampa Bay Lightning. The company has now acquired a South Carolina petroleum business that the company says will help grow its reach.  CHERIE DIEZ   |   Times

Amalie Oil Company president Harry Barkett, left, and his brothers VP Anthony Barkett, center, and COO Richard Barkett with vintage oil lubester in lobby of Amalie headquarters at 1601 McCloskey Blvd in the Port of Tampa in September 2014, soon after the company won the naming rights to the home of the Tampa Bay Lightning. The company has now acquired a South Carolina petroleum business that the company says will help grow its reach. CHERIE DIEZ | Times

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.

Amalie Oil buys South Carolina facility, growing its capacity 01/05/16 [Last modified: Tuesday, January 5, 2016 6:22pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Triad Retail Media names Sherry Smith as CEO

    Corporate

    ST. PETERSBURG — Triad Retail Media, a St. Petersburg-based digital ads company, said CEO Roger Berdusco is "leaving the company to pursue new opportunities" and a member of the executive team, Sherry Smith, is taking over.

    Roger Berdusco is stepping down as CEO at Triad Retail Media to pursue other opportunities. [Courtesy of Triad Retail Media]
  2. Two new condo projects for same street in downtown St. Pete

    Real Estate

    ST. PETERSBURG — It lacks the panache and name recognition of Beach Drive, but 4th Avenue N in downtown St. Petersburg is becoming a condo row in its own right.

    Bezu, a condo project planned at 100 4th Ave. N in downtown St. Petersburg, will have 24 units including a three-level penthouse with infinity pool.
[Courtesy of Clear ph Design]
  3. AAA expects gas prices in Tampa Bay will continue to fall

    Autos

    Ticking slowly and steadily, regular gas prices have receded for the last 10 consecutive days. The average unleaded gas price in Florida is $2.67 this morning, a nickel cheaper than a week ago. In Tampa Bay, the current average unleaded gas has dropped 7 cents from a week ago to $2.62. The national average for regular …

    Gas prices for regular gas continue to decline. In Tampa Bay, the current average unleaded gas is down 7 cents from a week ago at $2.62 a gallon. [Times file photo]
  4. Kiran and Pallavi Patel commit $200 million for Clearwater medical school

    Real Estate

    CLEARWATER — Tampa Bay philanthropists Dr. Kiran Patel and his wife, Dr. Pallavi Patel are spending $200 million to create and promote a Tampa Bay regional campus for the private Nova Southeastern University.

    Drs. Kiran and Pallavi Patel, prolific Tampa Bay philanthropists, are putting up $200 million to create and run a new medical school under Nova Southeastern University. Here is a rendering of the proposed campus [Courtesy of Nova Southestern University}
  5. USF to rename sports management program for Vinik family

    Blogs

    The University of South Florida will name a business program for the Vinik family at a Tuesday event.

    Tampa Bay Lightning owner and chairman Jeff Vinik and his wife, Penny, in 2010.