HONOLULU -- Aloha Petroleum Ltd., a subsidiary of Sunoco LP, has announced that it will purchase the Hawaii assets of MFM Inc.
The deal includes the following retail assets, all on the island of Kauai: A Shell gas station and Shell Food Mart convenience store located in Kapaa; a Shell gas station, Subway restaurant and Menehune Food Mart c-store located in Kilauea; a Menehune Food Mart c-store located in Kekaha; a Menehune Food Mart c-store located in Kapahi; and a Subway restaurant located in the Eleele Shopping Center.
The sale is set to close by the end of this year, the company said.
In the near term, Aloha Petroleum will operate the locations under the current retail brands.
With the transition of ownership, Aloha Petroleum plans to offer job positions to all the current store employees.
“The acquisition is a great opportunity to grow our retail store operations on the island of Kauai, and we look forward to continuing to service and cater to the needs of the local residents,” said Richard Parry, president and chief executive officer of Aloha Petroleum.
Aloha Petroleum is one of the largest gasoline marketers and convenience store operators in the state of Hawaii, with a history that dates back to the early 1900s. It markets through approximately 100 Shell, Aloha and Mahalo branded gas stations and 46 Aloha Island Mart convenience stores throughout the state.