Noble Group, the global supply chain manager, says wholly-owned subsidiary Noble Petro Inc., has agreed to acquire certain assets of Northville Product Services (NPS), a wholly-owned division of NIC Holding Corp., a Melville, Long Island-based international petroleum and renewable fuels trading, marketing and distribution company.

The assets of NPS acquired by Noble focus on the refined products blending, trading, distribution and marketing business based in Houston, Texas, and Denver, Colorado. NPS’s renewable fuel business and NIC’s bulk trading in the US Gulf Coast and elsewhere for its non-US Gulf Coast markets will continue. The acquisition is expected to close early June 2010 and includes the employment by Noble of the key management personnel as well as other employees.

Noble says this acquisition will give it access to an additional 3.7 million barrels of storage in strategic locations in Pasadena, Texas and the Mid Continent, as well as supply contracts with key US Gulf Coast refiners and a wholesale marketing system in the Magellan, Plantation and Teppco pipeline distribution systems.