Meadville Corporation Explained

Meadville Corporation
Industry:Oil and gas
Fate:Taken over
Successor:Hess Corporation
Founded: in Elizabeth, New Jersey
Founders:-->
Hq Location City:Haverford, Pennsylvania
Hq Location Country:United States
Area Served:Northeastern United States
Products:Petroleum refining and distribution
Owners:-->

The Meadville Corporation was an oil company based in Haverford, Pennsylvania. It was founded in 1930[1] in Elizabeth, New Jersey.[2] Fuel was sold at retail gas stations under the brand name "Merit", the logo consisting of a red "M" with the right vertical support cut off. Merit gas stations could be found throughout the Northeastern United States. For many years, Amerada Hess had a large stake in the company. In 2000, Hess acquired the remainder of the Meadville Corporation and rebranded its 178 Merit gas stations as Hess.[3] Those stations became part of Marathon Petroleum's Speedway brand due to the latter company's purchase of Hess's retail assets in 2014. 7 years later, Japanese-based Seven & I Holdings purchased Speedway, making those stations a part of the 7-Eleven family.

Notes and References

  1. Web site: The Meadville Corporation . opencorporates.com . April 28, 2018.
  2. https://www.leagle.com/decision/19444693eztcm4661314 . Leagle . Meadville Corporation v. Commissioner . T.C.M. . 3 . 466 . 1944 . United States Tax Court . April 28, 2018.
  3. News: Metro Business - Amerada Hess to Expand. NY Times. February 15, 2000 . July 6, 2015.