Superior Plus Announces Completion of the Acquisition of United Pacific Energy
TORONTO--(BUSINESS WIRE)--Oct 2, 2018--Superior Plus Corp. (“Superior”) is pleased to announce that it has closed the previously announced acquisition of all of the issued and outstanding shares of United Liquid Gas Company, which operates under the trade name United Pacific Energy (“UPE”). The purchase price was paid with cash from Superior’s credit facility.
“I am excited to welcome the UPE employees and customers to the Superior Plus family,” said Shawn Vammen, Senior Vice President of Superior’s Supply Portfolio Management business. “We’re looking forward to operating in the California propane market and growing our business on the west coast of the U.S.”
About the Corporation
Superior consists of two primary operating businesses: Energy Distribution includes the distribution of propane and distillates, and supply portfolio management; and Specialty Chemicals includes the manufacture and sale of specialty chemicals.
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CONTACT: Superior Plus Corp.
Beth Summers, (416) 340-6015
Executive Vice President and Chief Financial Officer
Rob Dorran, (416) 340-6003
Vice President, Investor Relations and Treasurer
Toll Free: 1-866-490-PLUS (7587)
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING CHEMICALS/PLASTICS PROFESSIONAL SERVICES FINANCE
SOURCE: Superior Plus
Copyright Business Wire 2018.
PUB: 10/02/2018 04:51 PM/DISC: 10/02/2018 04:51 PM