Don’t fret: Hess toy trucks will survive today’s sale
FORTUNE — Energy company Hess Corp. (HES) today announced that it is selling its 1,342 gas stations and convenience stores to Marathon Petroleum (MPC) for $2.6 billion in cash.
Like many of you, my first thought wasn’t about corporate synergies with Marathon, which already operates nearly 1,500 “Speedway” retail locations. Nor about how this might affect thousands of employees or countless more consumers. Nope, I was worried about the Hess toy truck.
If you live on the East Coast and watch even a few minutes of television between Thanksgiving and Christmas, you know what I’m talking about. If not, here’s the 2006 version:
But if Hess no longer owns its retail stores, is it still going to make its namesake toy trucks?
Luckily, it seems that someone at Hess anticipated such concerns, issuing a stand-alone press release just minutes after posting the deal announcement with Marathon. It reads:
Following the announcement today that Hess Corporation is selling its retail business to Marathon Petroleum Corporation, Hess confirmed that it will produce a 2014 Hess Toy Truck, that will be the 50th anniversary edition, which will be sold this holiday season as in the past through Hess retail outlets and online through the Hess Toy Truck website.
Phew. Now we just need to worry about what happens next year.
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