Lion Oil
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| Industry | Petroleum Products |
|---|---|
| Founded | 1922 |
| Headquarters | Brentwood, Tennessee |
| Products | Petrochemical |
| Website | www.lionoil.com |
Lion Oil Company was established in 1922. Thomas Harry (Colonel) Barton was instrumental in the development of the company.[1]
In 1955, Lion Oil was sold to the Monsanto Company along with what is now El Dorado Chemical Company. Lion Oil is the only oil refinery Monsanto has owned.[citation needed] Lion Oil was later sold by Monsanto to Tosco.[citation needed]
In 1985, Lion was struggling and on the verge of shutting down and was sold by Tosco to a partnership of Ergon Refining of Jackson, Mississippi, and a group of local investors. This is how it acquired the oil refinery in El Dorado, Arkansas.[2]
In March 2011, Delek US Holdings, Inc. of Brentwood, Tennessee acquired Ergon’s 53.7% majority equity interest; total equity ownership by Delek increased to 88.3%; on April 29, 2011 Delek US became the new operator of Lion Oil.[3]
In October 2011, Delek US Holdings, Inc. acquired the remaining 11.7% interest to increase its equity interest in Lion Oil to 100%.[4]
Lion Oil continues as a petroleum supplier with its headquarters in Brentwood.
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ About Lion Oil undated, Quote "El Dorado Refinery (acquired in 1985)"
- ↑ majority equity interest announcement Delek US Holding, March 2011
- ↑ remaining equity interest Delek US, April 2011
External links
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