Who did Valero merge with?
Valero merged with Ultramar Diamond Shamrock.
This significant merger represented Valero's largest transaction at the time, greatly expanding its operational capacity and market presence. Ultramar Diamond Shamrock, which was also headquartered in San Antonio, played a pivotal role in this expansion by contributing a substantial portfolio of assets to Valero.
Strategic Expansion Through Acquisition
The integration of Ultramar Diamond Shamrock's operations allowed Valero to dramatically enhance its refining capabilities and extend its geographical reach. This strategic move incorporated six additional refineries into Valero's growing network, solidifying its position as a major player in the energy sector.
Refineries Acquired in the Merger
The refineries that became part of Valero's portfolio as a result of the merger included:
| Location | Notes |
|---|---|
| Ardmore, Oklahoma | |
| Wilmington, California | |
| Denver, Colorado | |
| McKee (Sunray, Texas) | |
| Three Rivers, Texas | |
| Lévis, Quebec | Later renamed the Jean Gaulin refinery |
This acquisition was a key moment in Valero's history, underscoring its growth strategy through the successful integration of significant energy infrastructure.
