Sunoco Inc.'s parent company said Tuesday that the regional fuel retailer would retain a substantial corporate presence in the Philadelphia area after it merges this year with a Texas convenience-store chain.
Energy Transfer Partners L.P., the Dallas pipeline operator that bought Sunoco two years ago, announced Monday that it is buying Susser Holdings Corp. for $1.8 billion.
Susser operates 630 company-owned convenience stores in the Southwest, mostly under the Stripes brand, and is a wholesale distributor of motor fuels to 616 other dealers and 1,800 commercial customers. Sunoco's 5,000 retail outlets are mostly on the East Coast.
Where various corporate functions will be based after the merger is still being sorted out, said Vicki Anderson Granado, an ETP spokeswoman.