PBF Logistics announces acquisition of Toledo terminal from Sunoco Logistics
PARSIPPANY, N.J. -- PBF Logistics LP announced that its wholly owned subsidiary has acquired the Toledo, Ohio, refined products terminal assets of Sunoco Logistics LP for $10 MM. The Toledo Terminal is directly connected to and currently supplied by PBF Energy Inc.'s Toledo refinery.
"We are pleased with our acquisition of the Toledo Terminal which is PBFX's second third-party acquisition and third transaction completed this year,” said Tom Nimbley, PBF Logistics GP LLC Chief Executive Officer. 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 over 110,000 bbl of chemicals, clean product and additive storage capacity.
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