New Owners Plan to Keep Shasta County’s Leading Fuel & Lubricant Distributor Family-Owned and Locally-Managed
Stockton, California – Valley Pacific Petroleum Services of Stockton, California — a family-owned fuel and lubricant supply company that will celebrate its 74th anniversary this year – has announced the acquisition of Redding-based Cross Petroleum effective 1/1/2021.
The new owners plan to keep Cross Petroleum a family-owned and locally-managed operation. With over 300 employees, the newly-combined company will be headquartered in Stockton but will continue to operate Cross Petroleum with local management and a community-focus.
Cross Petroleum is a third-generation marketer of fuels and lubricants in the northern Sacramento Valley region. From its inception in 1961, the company has steadily grown its operations to include Redding, Mt. Shasta, Yreka, Chico, Weaverville and the surrounding areas. Cross Petroleum has been owned and managed by Dennis and Jim Cross since 1971 with their own sons and daughters managing the business for the past several years. The Cross family has enjoyed widespread success and respect among their customers, employees and the community at large.
Established in 1947, Valley Pacific is a family-owned company that traces its origins to the end of World War II and the return home of navy combat veteran Durrel Woolsey. Since 1994, the company has grown throughout the San Joaquin Valley and along California’s northern and central coasts under the guidance and ownership of the Crum family. Specializing primarily in rural environments, Valley Pacific supplies fuel and lubricants to agricultural, commercial, governmental, industrial and transportation customers, in addition to both branded and unbranded service station dealers. Importantly, Valley Pacific has won numerous state and national safety awards. (See www.vpps.net.)
“As a family-owned company from a rural part of the state, we realize how important it is to stay engaged with the community,” said Nathan Crum, President and CEO of Valley Pacific. “The Cross team has built a strong foundation of safe, clean, dependable, friendly service in the Sacramento Valley and we intend to keep that tradition alive. Cross customers should continue to enjoy the high-quality fuels, lubricants and excellent services they’ve come to expect.”
Cross Petroleum’s Jimm Cross stated, “We had extensive dialogue with many potential suitors, but in the end our family felt that Valley Pacific was the best fit to carry the torch forward. As a family we felt it was important for a successor to understand our customers and the communities we serve, and we wanted a great fit for our employees as well. So, with all of that in mind we determined that Valley Pacific and the Crum family were ideally suited to move the company forward. They bring experience, resources and know-how to our operations that will continue the vision we have for serving the fuel and lubrication needs of our community. We want the very best for the people of this region to whom we owe so much.”
Cross Petroleum’s facilities in Redding, Chico, Mt. Shasta, Weaverville and Yreka will now be added to Valley Pacific’s 15 office/warehouses which extend from Eureka to Santa Maria along the coast and from Redding to Bakersfield in the Central Valley.
