PBF Logistics announces acquisition of Toledo Terminal from Sunoco Logistics

PBF Logistics LP’s wholly-owned subsidiary has acquired the Toledo, Ohio, refined products terminal assets of Sunoco Logistics LP for $10m in cash. The Toledo Terminal is directly connected to and currently supplied by PBF Energy Inc.’s Toledo refinery.

PBF Logistics GP LLC Chief Executive Officer, Tom Nimbley said: “We are pleased with our acquisition of the Toledo Terminal which is PBFX’s second third-party acquisition and third transaction completed this year.  The combined transactions represent a $15 million increase to the Partnership’s forecasted annualized EBITDA.  We welcome the employees of the terminal to the PBFX family and look forward to maximizing the potential of our newest asset.”

Located adjacent to PBF Energy’s Toledo refinery, the Toledo Terminal is comprised of a 10-bay truck rack and more than 110,000 barrels of chemicals, clean product and additive storage capacity.

PBF Logistics LP, headquartered in Parsippany, New Jersey, is a fee-based, growth-oriented master limited partnership formed by PBF Energy Inc. to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets.

For more information visit www.pbflogistics.com

24th April 2017