Delek Group Company Description
Delek Group is a conglomerate that primarily sells refined oil products and lubricants. Operating a network of more than 230 gas stations Delek Petroleum is one of the largest gasoline retailers in Israel. It's Delek US Holdings operates almost 400 MAPCO-branded gas stations in the US (in Tennessee). Delek Investments and Properties acts as holding company for subsidiaries in the energy, infrastructure, automotive, media, finance, and wealth management sectors. Delek Group spun off its real estate unit (Delek Real Estate) in 2005 but retains a 67.9% share. The Delek Group is controlled by Israeli mogul Yitzhak Tshuva, who acquired the Plaza Hotel in New York in 2004. The company was founded in 1951.
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The Company Description provides a historical perspective of Delek Group's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Delek Group's evolution in the marketplace.
