Andeavor Completes Asphalt Terminals Acquisition

Andeavor to Develop Fuel Storage Facility in Baja California

SAN ANTONIO, TEXAS – May 21, 2018 – Andeavor (NYSE: ANDV) today announced that it has completed the acquisition of the West Coast asphalt terminals of Delek US Holdings, Inc. (NYSE: DK) for a total consideration of $75 million, plus working capital. The assets, formerly the Alon Asphalt Company, include four wholly-owned terminals in Elk Grove, CA; Bakersfield, CA; Mojave, CA; and Phoenix, AZ; as well as 50 percent interest in the Paramount Nevada Asphalt Company joint venture terminal in Fernley, NV. "This acquisition highlights our strategy of strengthening our integrated business model, allows for additional growth and enhances our refining margin capture," said Greg Goff, Cha…

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