HydroTexaco
From Wikipedia, the free encyclopedia
| HydroTexaco | |
 |
|
| Type | Subsidiary |
|---|---|
| Founded | 1995 |
| Headquarters | Oslo, Norway |
| Area served | Norway and Denmark |
| Industry | Petroleum |
| Products | Gas stations |
| Employees | (2006) |
| Parent | Reitangruppen |
| Website | www.hydrotexaco.no www.hydrotexaco.dk |
HydroTexaco is a Norwegian and Danish gas station chain formed after the merge of the Hydro and Texaco gas station chaines merged in 1995. In 2006 the company was bought by Reitangruppen and in the course of 2006 will be incorporated into their chain including the use of 7-Eleven brand on the service stations. Uno-X and Rema Bensin are low-cost brand name of HydroTexaco.
Contents |
[edit] Operations
HydroTexaco operates 750 gas stations in Norway and Denmark, including the low price brands Uno-X and Rema Bensin. In addition the chain has DieselService stations for truck diesel. HydroTexaco operates in addition a service for household parafin distribution. HydroTexaco has about a 20% marked share in automotive fuels in Norway.
 Norway |
 Denmark |
|
|---|---|---|
| HydroTexaco | 300 | 350 |
| Uno-X | 110 | 200 |
| DieselService | 47 |
[edit] History
HydroTexaco was a result of a merger between the Hydro and Texaco gas station chains in Norway and Denmark on January 1, 1995, with Norsk Hydro and Texaco each owning 50%. The Hydro chain had been created in the early 1990s when Norsk Hydro acquired the Mobil gas stations in Norway and Denmark. In the mid of 1990s HydroTexaco started business in the Baltic countries under brands of HydroTexaco and later Uno-X. Texaco's ownership in HydroTexaco was transferred to Chevron as a result of the two companies merger in 2001. In 2003 HydroTexaco took over the operations of 35 Rema Bensin in Norway from Reitangruppen and changed them to the brand Uno YX. The chain was acquired by the Norwegian Reitangruppen in 2006. The gas stations chain in the Baltic countries was bought by Estonian company Alexela Oil.
[edit] Future plans
Reitangruppen has announsed that the purchase of HydroTexaco will result in the service stations being transformed to 7-Elevens while the gas bit will be renamed to YX. [1]
Coop NKL has announsed that it is considering stopping their members bonuses at HydroTexaco stationes because of the purchase, due to REMA 1000, also owned by Reitangruppen, being a major competitor to Coop's stores.
[edit] External links
- HydroTexaco Norwegian web site (Norwegian)
- HydroTexaco Danish web site (Danish)
- Reitangruppen web site (Norwegian)
