Ultramar

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Ultramar
Type trademark
Industry Oil refining and marketing
Founded 1961
Headquarters Montreal, Quebec, Canada
Key people Ross Bayus President
Parent Valero Energy Corporation
Website www.ultramar.ca

Ultramar is an Eastern Canadian gas and home fuel retailer. It was also a Canadian oil refining and marketing company formerly known as Golden Eagle or Aigle d'or. Its head office was in Montreal. It was a subsidiary of Valero Energy Corporation, an American company that acquired Ultramar's former parent company, Ultramar Diamond Shamrock. Since May 2013, Ultramar has been a trademark of CST Brands Inc. after it has spun off from Valero. Today, Ultramar operates gas stations and home fuel delivery in Eastern Canada (New Brunswick, Nova Scotia, PEI and Newfoundland). It also operates ValuMax, a cashback program for fuel purchases.

History

Jean-Gaulin Refinery in Lévis, Quebec

The Company was formed by Ultramar plc, a British Group, who established operations in Canada in 1961.[1] Its refinery in Lévis, Quebec was built ten years later.[1]

From 1979 to 1996, Ultramar grew by acquiring stations from several other companies, including Canadian Fuel Marketers, Texaco Canada, Gulf Oil, Sergaz, Sunoco and Spur.[1]

In 1981, Ultramar acquired Hanford, California-based Beacon Oil Company. It retained the name.

In 1990, it acquired the Dartmouth, Nova Scotia refinery with the purchase of other assets of Texaco Canada.[1]

In 1991, Lasmo, a British oil company, bought Ultramar plc and in 1992 LASMO spun off the North American refining and marketing operations which became known as Ultramar Corporation.[2]

In 1994, Ultramar acquired Sergaz and Sunoco's Quebec gas stations. Some gas stations still operate under Sergaz.

In 1996, Ultramar Corporation merged with Diamond Shamrock to form Ultramar Diamond Shamrock.[2]

In 1997, the Sunoco name was withdrawn from Quebec, and all stations converted to the Ultramar brand.

The refinery in Lévis was renamed in honour of retired Ultramar Diamond Shamrock CEO Jean Gaulin in 2001.[1]

On 31 December 2001 Valero Energy Corporation completed its acquisition of Ultramar Diamond Shamrock.[3]

On May 1, 2013, Ultramar was spun off from Valero Energy Corporation to become a trademark of CST Brands inc.

Operations

Ultramar fuel truck in the Toronto area.

Ultramar was also active in industrial sales and wholesale supply.

Statistics

Ultramar had 983 service stations, 87 truck stop facilities and 169,000 home heating oil customers.[citation needed]

It directly employed 3,600 people and indirectly employed 10,000. The refinery in Lévis produced 265,000 barrels (or 41.5 million litres) per day.[citation needed]

References

External links

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