Musket expands operations through first European subsidiary
Extensive fuel purchasing, logistics expertise to provide flexibility for global suppliers and customers
HOUSTON, Feb. 22, 2023 – Musket Corp., a member of the Love's Family of Companies, announced today the establishment of its European operations with headquarters in Geneva, Switzerland. Musket Europe SARL will extend Musket’s established commodity supply and logistics platform, providing relief for the ongoing instability in global fuel supply chains.
“We are pleased to see Musket Europe become a reality at such a unique time in the market,” said JP Fjeld-Hansen, executive vice president of Musket. “In the past year we have increased our exports to Europe, showing that having options is critical with continued volatility. We are proud of the team we have assembled in Geneva, where the talent pool for energy supply and trading is the strongest in Europe and look forward to welcoming additional team members in the future.”
Musket Corp. is one of the largest trading and supply companies in the U.S. and specializes in commodity supply and logistics across North America. The company’s primary focus is supplying Love’s Travel Stops with gasoline and diesel and managing the company’s biodiesel program. Headquartered in Houston, Musket also has a footprint in Oklahoma City, Oklahoma, and Phoenix, Arizona, with more than 200 employees.
“This is an exciting new era for Musket and Love’s,” said Shane Wharton, president of Love’s. “The Musket team is an integral part of our success in providing quality product at competitive prices, and this type of expansion and diversification of the business is a key part of our strategic growth plans for 2023 and beyond.”
About the Love’s Family of Companies
The Love’s Family of Companies is headquartered in Oklahoma City and employs more than 39,000 people across the United States. Love’s Travel Stops is the nation’s leading travel stop network with over 600 locations in 42 states. Love’s also includes two Houston-based companies: Musket Corporation, which specializes in commodity supply, trading and logistics across North America, and Trillium Energy Solutions, a leading provider of renewable fuels and alternative fueling solutions, which offers expertise in compressed natural gas, hydrogen, electric vehicle charging, renewable natural gas, solar installation and on-site electricity generation. Gemini Motor Transport is a nationwide motor carrier comprised of 950 trucks hauling fuel and refined fuel products included diesel exhaust fluid, propane, ethanol, jet, biodiesel, and specialty products. Love’s has more than 430 truck service centers, which include Speedco and Love’s Truck Care locations. To learn more, visit loves.com or musketcorp.com.