Thursday, October 8, 2009

Superior Plus completes buy of Sunoco heating oil, propane business

Sunoco has completed the sale of its retail heating oil and propane distribution business to Superior Plus for approximately $86 million, including working capital. The deal was first announced on Sept. 2.
Superior Plus Corp. is a Canadian diversified company with interests in propane distribution, specialty chemicals, construction products distribution, and fixed-price energy services. Sunoco, Inc., is a U.S.-based refiner and marketer of petroleum and manufacturer of chemicals.
Sunoco's heating oil and propane distribution business includes Sunoco Home Comfort Services, Mohawk Home Comfort Services, Montour Home Comfort Services. It supplies liquid fuels and propane gas throughout Pennsylvania, New York, New Jersey and Delaware in the U.S.
The deal closed on Sept. 30.

1 comment:

  1. Nearly half the households in the northeastern region of the United States use heating oil to provide part or all of their space heating needs. As the weather gets colder, consumers should be mindful of what they’ll be paying for heating oil.

    Heating oil Newburyport