Mexican distributor Grupo Energéticos (Energex) reached a deal this week to
enter U.S. markets with an agreement to acquire a Texas-based distributor
for100 million pesos ($5.3 million), according to a report.

The addition of Marshall Distributing marks Energex's entrance into the U.S.
markets. The San Antonio-based gasoline and diesel distributor services the
south central Texas area around San Antonio, Austin and San Marcos.

Energex, based in Monterrey, supplies natural gas and Pemex refined products
such as diesel and fuel oil. The company ranks as one of Mexico's largest
diesel distributors with 30 storage sites throughout the country with a
capacity of 40 million liters, per the report in the newspaper El Financiero.

"We found a company that shares our business and family values and a very
valuable employee group," Energex CEO Cesar Cadena Canales said in the
report."We will retain them all to maintain the level of service and identity
of the company, contributing to our experience to help expand the business."

Marshall Distributing has 50 years of history in its area and supplies around 3
million liters per year, providing a strong base, Cadena said.

"We expect to have modest growth in the first year in which the two groups join
in a new operation and management, and from the second year we expect a more
aggressive growth through seeking to incorporate new clients and through other
acquisitions," the CEO told the newspaper.

--Justin Schneewind, jschneewind@opisnet.com



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