Musket Corp. and EG Group Team Up in Europe

The two announced they have entered a procurement agreement with an initial focus on Western Europe.

September 19, 2024

Musket Corp, the trading and logistics arm of the Love’s Family of Companies, and EG Group have entered a long-term procurement agreement with an initial focus on the Benelux region in Western Europe, the companies announced. “The agreement is expected to complement EG Group’s existing supply options and unlock value from its refined products and biofuels supply chains.”

"We are excited to announce this strategic fuel procurement agreement with Musket, which ensures a consistent, competitive, reliable and efficient supply for our operations,” said Gustav le Juge, EG fuel director Europe. "By joining forces with Musket, a trusted procurement partner, we are not only securing the resources necessary to meet growing demand but also enhancing our ability to deliver greater value and sustainability to our customers. This collaboration underscores our commitment to operational excellence, energy security and environmental responsibility as we work together toward a more sustainable future."

“By combining EG Group’s European retail footprint with Musket’s global end-user network, we aim to find synergies and economies of scale for both parties,” said JP Fjeld-Hansen, executive vice president of Musket. “EG Group has an established history of innovation and delivering excellence in Europe, and Musket looks forward to joining efforts with such a respected and accomplished global brand.”

Since 2001, Musket has been the integrated fuel trading and supply enterprise for Love’s Travel Stops. It is responsible for ensuring Love’s 650 travel stops and country stores across 42 states are stocked with fuel for professional drivers and all customers. In 2023, Musket established European operations with headquarters in Geneva, Switzerland, which extended its established commodity supply and logistics platform.

In June, EG Group sold its UK forecourt businesses to co-founder Zuber Issa for £228 million.