Irving Oil Closes Purchase of Whitegate Refinery in Ireland
SAINT JOHN–After confirming its agreement to acquire Houston-based Phillips 66’s Whitegate refinery last month, Irving Oil has announced the successful closure of its purchase and sale agreement.
Irving Oil has assumed full ownership of the refinery and will continue operation of the facility and maintain its existing workforce.
“Whitegate is a great facility and is a good fit for our company,” chairman of Irving Oil Arthur Irving said in a release. “We are happy to welcome the Whitegate team to Irving Oil and we are looking forward to working together.”
Irving Oil maintains that the refinery will continue to provide a secure and reliable supply to its existing customer base.
“We will work hard to ensure that existing relationships with customers and the community remain strong and we look forward to establishing new relationships,” executive vice president of Irving Oil Sarah Irving said. “It is an exciting time for our company and we welcome the team at Whitegate to Irving Oil.”