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Sat, Dec 18, 2010

World Fuel Services To Acquire The Hiller Group

Further Expands General Aviation Business

World Fuel Services Corporation said Thursday that its wholly-owned subsidiary, World Fuel Services, has signed a definitive agreement to acquire The Hiller Group and certain affiliates ("Hiller"). Hiller is a U.S. general aviation fuel distribution business.

Hiller, based in Tampa, Florida, with volume of more than 120 million gallons, is a leading supplier of aviation fuel to more than 600 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.

"It is a pleasure to welcome the Hiller team to World Fuel," stated Michael J. Kasbar, president and chief operating officer of World Fuel Services Corporation. "The addition of Hiller will further expand our presence in both the branded and unbranded general aviation fuel distribution businesses."

"Teaming up with World Fuel will enable us to more effectively capitalize on the significant growth opportunities in the markets we serve," stated Martin H. Hiller, president of Hiller.

FMI: www.wfscorp.com

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