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NPN Magazine May/June 2013

National Petroleum News (NPN) has been the independent voice of the petroleum industry since 1909 as the opposition to Rockefeller’s Standard Oil. So, motor fuels marketing and retail is not just a sideline for us, it’s our core competency.

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The company offered "full oil service" that included getting the tank in the basement and installing, maintaining and servicing the heating appliances. As a young man, Don went out with his father while the process was under way of ripping out the old coal grates and putting in oil tanks and oil burners. "When I was a young teenager, I learned how to fix oil burners," Don said. "I remember Dad would come home after a couple of cocktails, and he would make me go down in the basement and take the oil burner apart and put it back together. When I was a kid, I used to pull hose and fill up oil tanks. The ticket was easy to calculate back then because oil cost $.10 per gallon." In 1950 Reginald Newman expanded the company's focus to begin servicing commercial and industrial customers with lubricants, gasoline and diesel fuel. Reginald's two sons, Don and Reginald B. Newman II, joined the company in 1954 and 1960, respectively. They continued the family tradition of growth by broadening NOCO's product lines and marketing area. The next move from traditional residential oil heating came during the 1960s with a move into commercial and industrial No. 6 oil that was distributed to churches and hospitals and schools. It was at this point that the company began buying its first large tractor-trailer vehicles. In 1964, NOCO expanded its operations to include service stations. Typical for the time, these were twobay stations with one or two full-service fueling islands. There was a gradual expansion during the next 20 years with the number of sites peaking at near 70. The Second Generation Takes Over In 1971 Don and his brother Reg assumed control of the company. "My dad decided—when my brother and myself were coming along—that when you are in a family business and the heirs are capable of running it, you get the heck out of the way when you turn 65," said Don. "He did that for us, and I elected to do that for my two boys, Jim and Mike. I felt you can't have a business where Pop and uncle go to Florida for half a year and then want to slip back into the seat and take over again. It doesn't work." This period marks notable expansion both in the scale and breadth of its operations. At the height of the oil crisis, in 1973, Reg and Don had the opportunity to take advantage of an industrial development bond and buy the 33-million gallon Gulf Oil terminal in Buffalo, N.Y. In 1982, NOCO Home Heat was formed with the acquisition of Ashland Oil's home heat business and Akron Oil Corp., which was expanded in 1985 with the purchase of a 10-million www.npnweb.com  n  NPN Magazine May/June 2013 17

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