* Deal to add $0.5-$0.7 to EPS in first 12 months
* Deal expected to be completed within 30 days
* Deal value not disclosed
Dec 16 World Fuel Services Corp (INT.N), which
provides services to aircraft, ships and tanker-truck loading
terminals, said it will buy privately held Hiller Group Inc to
expand its U.S. general aviation fuel distribution business.
Miami, Florida-based World Fuel said in a statement that
the deal, expected to be completed within 30 days, is likely to
add 5-7 cents to its earnings per share in the first 12 months,
but did not disclose the deal value.
Tampa, Florida-based Hiller has aviation fuel volumes of
more than 120 million gallons.
"The addition of Hiller will further expand our presence in
branded and unbranded general aviation fuel distribution
business," World Fuel Chief Operating Officer Michael Kasbar
said in a statement.
The company sells fuel and services at more than 6,000
locations in 200 countries.
Shares of World Fuel, up by about a quarter in the last
three months, closed at $32 on Wednesday on the New York Stock
(Reporting by Krishna N Das in Bangalore; Editing by