Pipeline Firm to Buy Lone Star Trucking, Oil Company

March 16, 2006 11:00 AM, EST

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lains All American Pipeline, an oil distribution firm, said it has agreed to buy Lone Star Trucking and oil firm Andrews Petroleum for about $205 million, the Associated Press reported.

Andrews and Lone Star provide marketing and transportation to buyers of natural gas liquids in the West.

The companies’ assets include a rail rack that can service 30 tank cars and a truck rack that can service seven trucks, AP said. Lone Star also has a fleet of about 50 tractor trailers.

Plains All American said the two companies had combined earnings of $17.3 million last year.

The deal is expected to close in the next 30 days, AP reported.

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