“Quality with concern”

Polk Oil Company, Inc.

Our Corporate Office located on South First Street in Lufkin, Texas.

 

Corporate Office:

1422 S. First Street - P.O. Box 151720

Lufkin, Texas  75915-1720

 

Phone:

(936) 634-8787 or

Toll Free 1-800-765-1503

 

Fax:

(936) 634-3944

 

 

 

 

 

 

 

To contact us:                          POLK OIL COMPANY, INC.

Email:

 

Carl Ray Polk -

Tom Selman -

Nethia Glover -

Keith Williams -

Ben Hollis -

Susie Keen -

Rodney Ivy -

Steve Page -

 

 

 

 

 

             After several months of negotiations, Polk Oil Co., Inc. has officially acquired Land O Pines, Inc. and its subsidiaries Okay Food Stores, Larelco and Mr. Payroll, officials announced on Friday, March 10, 2006. Land O Pines was founded in 1946 by a group of local businessmen and has remained a closely held family business for the past 60 years. Employing over 175 people in their various operations, the East Texas firm has long been known for their different business entities and operations from juice drinks to retail convenience stores.

             Carl Ray Polk, Jr., President of Polk Oil Company, Inc., "I am extremely proud of this recent acquisition and look forward to continuing the long tradition of LOP and Okay Food Stores throughout East Texas. It is a good fit for our business model and the future growth of our company. One of the great things about this purchase is the fact that the company keeps its local roots of ownership and operation."

             Land O Pines operates a bottling plant, thirteen retail convenience stores and three Mr. Payroll check cashing franchises throughout East Texas. While Polk will continue to operate the Okay Food convenience stores and Mr. Payroll operations, the Land O Pines bottling plant was sold to a local partnership. "Ironically, I was approached by local investors who had the desire to purchase the bottling plant and we were able to reach terms just in the past few days. Knowing the plant will continue to have local ownership and ample opportunity for growth was important to me. It could not have happened at a better time", said Polk.

             With this acquisition, Polk Oil Co.'s operation grows to twenty-nine convenience stores, twenty-four branded dealer locations, three Subway franchises and three Mr. Payroll check cashing locations. With strong plans to continue growth and expand their retail and dealer operations, the company now employees over 360 full-time employees, serving twelve counties throughout East Texas.

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Polk Oil acquires Land O Pines Co., Inc.

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