Hess is currently owned by Chevron, but Hess’ toy truck will continue to own the Hess family.
- John HessCEO of Hess Corp. has signed a deal to keep the gas company’s toy line in their family. Following that acquisition Chevron. Hess will also be taking part in the Chevron Board of Directors. Hestruck has been a holiday offering since 1964.
Hess Gas Station Chain Get Chevron may have concluded earlier this month, Hess’ toy truck It is a regular presence for each holiday season, and they will stay in the hands of the family.
John Hess, CEO of Hess Corp, plans to buy back Chevron’s toy truck business. The price has not been determined yet, but trading is expected to close next year.
The news came that Hestrack has returned to the Hess family. Submit to SEC on wednesday. John Hess has also been appointed to the Chevron Committee, and the company announced it in its application.
Hess and the toy truck have been linked for decades. And when the merger was announced, they are popular enough because Mike Worth, the company’s CEO, felt the need to announce the sale of the truck. I’ll continue When the merger is over.
It’s not just the truck. All Hess-themed toys, including helicopters, rescue vehicles, planes and even space shuttles, will return to the Hess family. Hess also signed a contract to retain the trademark related to his last name.
An independent appraiser will determine the value of the toy business, Filing said.
Hess Toys has been on sale since 1964 and is based on rabies fans. Some collectors spend up to $2,500 on past models.