Delek Logistics completed the acquisition of big spring gathering business of Delek US for $153m.

Delek Logistics Partners, a pipeline transportation of crude oil company, completed the acquisition of big spring gathering business of Delek US Holdings, a petroleum refining company, for $153m. "This adds the next step in growth for Delek Logistics. The Big Spring Gathering System is an integral piece of our expanding midstream footprint, which positions us uniquely among refiners with access to crude, in excess of our refining capabilities. Additionally, getting closer to the wellhead allows us to control crude quality and cost, providing improvement in our refining performance and cost structure,” Uzi Yemin, Delek Chairman, President and Chief Executive Officer.