30-Apr-2020

AOT Energy Americas (AOTEA) is pleased to announce that it has transacted the sale yesterday of its Rack business based out of Houston, Texas to U.S. Oil a division of U.S. Venture Inc. a leading and long-established energy and transportation products distributor. 

AOTEA`s parent AOT Holdings A.G. based out of Steinhausen, Switzerland believes that this is an ideal fit for this business with a company which has a great track record in this sector.

AOTEA`s strategy going forward is to focus on core business projects and ventures currently existing within the Group through the expansion of existing businesses globally covering Crude oil, Renewable fuels, Natural gas, LNG and Coal. 

We are very excited to acquire the Rack business from AOT and we look forward to integrating our teams in Houston, TX” says Eric Kessenich, President U.S. Oil.  “The addition of AOT’s operations is aligned with our strategy to continue to grow U.S. Oil as a national supplier of petroleum products and renewable fuels.” 

 For further information, please contact:

Angela Rublearuble@aotenergy.com                          Telephone    +1 713 252 3644

 

About U.S. Venture 

For more than 65 years, U.S. Venture, Inc. has been recognized as an innovative leader in the distribution of petroleum and renewable energy products, lubricants, and tires and parts for the automotive aftermarket. Guided by its company vision, “Will be the very best provider of transportation products and insight driving the world forward.,” they deliver unconventional, creative solutions that give their customers a competitive edge. Headquartered in Appleton, Wisconsin, the company’s business divisions are U.S. Oil, U.S. AutoForce®, U.S. Lubricants, U.S. Gain, Breakthrough, and IGEN.

About U.S. Oil 

U.S. Oil is recognized by customers and partners for its value-adding approach in the distribution, marketing, trading and operations of fuel and renewable energy products in North America.  For more information on U.S. Oil and business opportunities contact Chuck Dauk at 920-423-6411 or visit www.usoil.com 

About AOT Energy Group

The AOT Energy Group is a global energy trading company with its origins dating back to its original parental inception in1947, with the company`s headquarters based in Switzerland and continues to be a significant player in the global oil and gas markets with multi-billion-dollar revenues. In 2019 the Company was purchased from the Frere family, via its Holding Company CNP, by the Arrow Metals Group based out of Steinhausen, Switzerland a commodity trading house, with products ranging from ferrous and non-ferrous base metals, ferroalloys, concentrates as well as oil products and derivatives and direct shipment of ores. Arrow Metals sources from a wide platform of producers and suppliers and offers trading, shipping and financing services to miners, refiners, smelters and consumers of metal products around the world.