Dover Fueling Solutions Chosen as Wetstock Management Provider of Petroleum Wholesale

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Aug 09, 2018, 16:12 ET

AUSTIN, Texas, Aug. 9, 2018 /PRNewswire/ -- Dover Fueling Solutions ("DFS"), a part of Dover Corporation (NYSE: DOV) that delivers advanced fuel dispensing equipment, electronic systems and payment, fleet systems, automatic tank gauging and wetstock management, is pleased to announce that it has entered into an agreement to provide wetstock management services to Petroleum Wholesale L.P., headquartered in The Woodlands, Texas.

Founded in 1973, Petroleum Wholesale is a full-service petroleum company, offering retail-branded and wholesale gasoline, diesel, biodiesel and services to retail locations across nine states in the USA.

Petroleum Wholesale signed a three-year contract to receive the ClearView^TM solution powered by Dover Fueling Solutions, in order to combat issues of fuel inventory shrinkage and help them to increase forecourt operational efficiencies. Through careful monitoring of fuel inventory, the ClearView solution is able to determine fuel loss caused by a wide variety of factors, including those caused by tank and line leaks, delivery shortages, theft or fraud and fuel meter error. In addition, the solution is also able to identify preventative maintenance issues, such as slow flow rates or blocked filters, helping retailers to improve the service provided to their customers.

Ryan Edone, Petroleum Wholesale's CFO, stated, "The ClearView solution has clearly demonstrated superior abilities to detect fuel shrink that previously we would have not been able to see. The ClearView dashboard gives us a real-time 'mission control' advantage for taking care of flow rate filter changing issues, offline dispensers and theft, and a better ability to completely reconcile our fuel deliveries when compared to the bill of lading provided upon fuel delivery."

John P. Nesbit, Dover Fueling Solutions Director, Business Development, noted, "We are extremely happy to have Petroleum Wholesale as a new customer benefitting from the ClearView solution. At DFS, our mission is to provide great products that have fast return on investment and provide considerable value for our customers and the ClearView solution is one of the many solutions that does just that."

For more information about DFS's products and solutions, visit www.doverfuelingsolutions.com.

About Dover Fueling Solutions:
Dover Fueling Solutions ("DFS"), part of Dover Corporation, is comprised of the product brands of ClearView, Fairbanks, ProGauge, Tokheim, Wayne Fueling Systems and OPW's Fuel Management Systems, and delivers advanced fuel dispensing equipment, electronic systems and payment, automatic tank gauging and wetstock management solutions to customers worldwide. Headquartered in Austin, Texas, DFS has a significant manufacturing presence around the world, including facilities in the USA, the UK, the Netherlands, France, India, China, and Brazil. For more information about DFS, visit www.doverfuelingsolutions.com.

About Dover:
Dover is a diversified global manufacturer with annual revenues of approximately $7 billion. We deliver innovative equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services through three operating segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of 26,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at www.dovercorporation.com.

SOURCE Dover Corporation