Tue 4 Jan 2011, 05:26 GMT

WFS completes Hiller Group acquisition


Marine, land and aviation fuels specialist expands distribution network.



Marine, land and aviation fuels specialist World Fuel Services Corporation has announced that its wholly-owned subsidiary, World Fuel Services, Inc., has completed the previously announced acquisition of The Hiller Group, Inc. and certain affiliates, a leading U.S. general aviation fuel distribution business.

"The Hiller acquisition further strengthens our position in the general aviation fuel distribution business," stated Michael J. Kasbar, president and chief operating officer of World Fuel Services Corporation. "We look forward to partnering with the Hiller team and are excited at the many growth opportunities that lie ahead."

Hiller, based in Tampa, Florida, with annual volume of more than 120 million gallons, is a leading supplier of aviation fuel to fixed base operators and corporate flight departments. They also provide a full range of support services such as marketing, tailored business solutions, freight expertise and credit card processing.

The transaction is expected to be $0.05 to $0.07 accretive to earnings in the first twelve months.


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