OIL COMPANY MERGER.

Press, Volume LXIII, Issue 19157, 14 November 1927, Page 9

OIL COMPANY MERGER.

BIG EXPANSION PLAN.

TO BE ERECTED

W ***~ n r Klt S.Z. CABLE ASSOCIATION) VFW YORK. November 11. . ffl J«e from Philadelphia states ' Vandyke, chairman ot tk Atlantic Refining Company, has ""Jed the agreement this company rSe with the Union Oil Company rf «£ have agreed to incorporate company to be know., "',to Atlantic Union Oil Company, tj for the purpose of consolidation of their respective busi•iTSi Australia and -New Zealand, Srandvke said that arrangements 9 aoff under way for the erection ot "jZ, ocean terminals at Sydney, Some, Auckland, and Wellington. Masai distribution will be made from ZL terminals by tank car, tank rtreoc and sen-ice stations, parallel"Va large degree the methods of lLrv employed in the United The otiestion of refinery and Lm/acture of pe troleum products, tarerer, is not under consideration. It is purely a mercantile effort hold- ■.., the company under the name of ,be Union Atlantic Company, which rill equally be owned by the Atlantic Refining Company and Union Oil Com--uv which are in progress of incorJorition in Delaware for the sole purLa of handling the financial affairs Sthe new Australian company. These „|»m will have no effect upon any Jthpr business activity of either of the ,ijoro companies.