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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K


CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported): June 3, 2008 (June 1, 2008)

WORLD FUEL SERVICES CORPORATION
(Exact name of registrant as specified in its charter)

Florida

1-9533

59-2459427

(State or other jurisdiction

of incorporation)

(Commission File
Number)

(I.R.S. Employer

Identification No.)

9800 N.W. 41st Street, Suite 400

Miami

33178

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (305) 428-8000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.     Regulation FD Disclosure

On June 3, 2008, World Fuel Services Corporation issued a press release announcing that its wholly-owned subsidiary, World Fuel Services, Inc., has completed the previously announced acquisition of select assets of Texor Petroleum Company, Inc.  A copy of the press release is attached hereto as Exhibit 99.1.

This information and the information contained in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933 as amended, or the Exchange Act, except as may be expressly set forth by specific reference in any such filing.


Item 9.01.     Financial Statements and Exhibits

  (d) Exhibits
 

Exhibit No.

Description

 

99.1

Press Release dated June 3, 2008.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date:

June 3, 2008

World Fuel Services Corporation

 

 

 

 

 

/s/ Ira M. Birns

Ira M. Birns

Executive Vice President & Chief Financial Officer

-2-

Exhibit 99.1

World Fuel Services Completes Texor Petroleum Acquisition

Doubles Volume in Land Based Fuel Segment

MIAMI--(BUSINESS WIRE)--World Fuel Services Corporation (NYSE:INT) announced today that its wholly owned subsidiary, World Fuel Services, Inc., has completed the previously announced acquisition of select assets of Texor Petroleum Company (“Texor”), including the assets comprising Texor’s wholesale motor fuel distribution business.

“Texor strongly enhances our position in the land based fuel market and we look forward to working closely with the Texor leadership team on the significant opportunities which lie ahead,” said Michael J. Kasbar, president and chief operating officer of World Fuel Services Corporation. “The combination of Texor, our recent global ERP system implementation and the acquisition of AVCARD, enhances our scalable ability to manage price, quantity control and logistics for our land and aviation customers. This is the next logical step in our ongoing strategy to embed broader value added fuel management services within our already rich value proposition,” added Kasbar.

Texor is based in Riverside, Illinois and has approximately 125 employees. Texor, the largest independent motor fuel marketer in Illinois, is an authorized branded distributor for Citgo Petroleum Corporation, ConocoPhillips Company, ExxonMobil Oil Corporation, Marathon Petroleum Company LLC, Shell Oil Company and Valero Energy Corporation. Texor distributes gasoline and diesel fuel under long-term contracts to over 250 retail petroleum operators in northern Illinois and northwest Indiana and is also a significant supplier to industrial, commercial and government accounts.

“We are very excited to be joining forces with a company that has the global breadth and depth of World Fuel,” stated Thomas E. Gleitsman, chairman and chief executive officer of Texor. “This transaction will significantly enhance our ability to capitalize on the tremendous growth opportunities in the retail branded petroleum market,” added Anthony E. Speiser, president of Texor.

“In addition to the strategic benefits of this acquisition, the immediate accretiveness of this transaction combined with Texor’s solid cash flow profile and return on capital, demonstrate the significant economic value of this transaction to World Fuel,” said Ira M. Birns, executive vice president and chief financial officer of World Fuel Services Corporation. “We expect this transaction to be $0.08 to $0.10 accretive to earnings in the first full year,” added Birns.

About World Fuel Services Corporation

Headquartered in Miami, Florida, World Fuel Services Corporation is a global leader in the marketing and sale of marine, aviation and land fuel products and related services. World Fuel Services provides fuel and related services at more than 2,500 airports, seaports and tanker truck loading terminals in over 190 countries worldwide. With 43 offices (including satellite offices) strategically located throughout the world, World Fuel Services offers its customers a value-added outsource service for the supply, quality control, logistical support and price risk management of marine, aviation and land fuel.

The Company’s global team of market makers provides deep domain expertise in all aspects of marine, aviation and land fuel management. World Fuel’s marine customers include international container and tanker fleets and time-charter operators, as well as the United States and foreign governments. Aviation customers include commercial airlines, cargo carriers and corporate clientele, as well as the United States and foreign governments. Land customers are primarily petroleum distributors. For more information, call 305-428-8000 or visit http://www.wfscorp.com.

Information Relating to Forward-Looking Statements

With the exception of historical information in this news release, this document includes forward-looking statements that involve risks and uncertainties, including, but not limited to, quarterly fluctuations in results, the management of growth, fluctuations in world oil prices or foreign currency, major changes in political, economic, regulatory, or environmental conditions, the loss of key customers, suppliers or key members of senior management, uninsured losses, competition, credit risk associated with accounts and notes receivable, and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Actual results may differ materially from any forward-looking statements set forth herein.

CONTACT:
World Fuel Services Corporation, Miami
Ira M. Birns, 305-428-8000
Executive Vice President & Chief Financial Officer
or
Francis X. Shea, 305-428-8000
Executive Vice President & Chief Risk and
Administrative Officer