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Collectible toy trucks survive Hess deal

Source: Hess

Hess quickly reassured its customers Thursday that it will continue producing its signature green-and-white toy trucks after the announcement that refiner Marathon Petroleum will buy the oil and gas producer's retail operations.

Hess announced Thursday that Marathon would pay about $2.87 billion for Hess' retail arm. Though it will shift its focus to exploration and drilling, Hess said in a press release that it will continue releasing models of the toy truck, a retail staple.

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Since Hess introduced the first toy truck in 1964, it has become popular with collectors and holiday gift givers. Hess will celebrate the toy truck's 50th anniversary this year by selling a sport utility vehicle model for $7.99.

Hess will sell toy trucks at retail stores and online this year. After, Hess plans to sell the trucks online only.

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