Apr 2, 2012 6:27 AM by AP
NATCHEZ, Miss. (AP) - Two long-time Miss-Lou oil distributors have recently been bought out, but one of the buyers is expanding its market share in Mississippi and making plans to move out of Louisiana.
Delta Fuel Co. Inc. recently bought the wholesale side of Independent Oil and Coal Co., and has leased the bulk plant of Cloutier Oil, a company recently bought by Victory Properties, The Natchez Democrat (http://bit.ly/H8mWH8) reported.
Independent Oil will continue to operate convenience stores, owner Charles Zuccaro said.
"We are not looking to move from where we are," Zuccaro said. "We have six stores, and we are going to expand that within 150 miles of Natchez."
Delta Fuels CEO Clint Vegas said leased the Cloutier plant for a base in Adams County. Ultimately, he said, he wants to move from Ferriday because last year's high water convinced him the company needs higher ground.
"The high water last year gave us a thrill," Vegas said. "I had $700,000 worth of oil out there, and you can't move it. If the high water had hit me, I would have lost it and probably been sued for the mess."
Delta Fuels will officially take over the Cloutier plant April 1 and has been operating at Independent Oil for the last 30 days, Vegas said.
While being located at the Cloutier plant, Vegas said Delta will ultimately look for a more permanent location.