Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to announce that through one of its wholly-owned Canadian subsidiaries it has completed two transactions to acquire:
"These acquisitions complement our existing operations in Ontario and Quebec, and are consistent with our strategy to grow the U.S. and Canadian propane distribution business through add-on acquisitions of propane companies and immediately leverage our solid platform to improve the businesses we acquire by at least 20% to 25%," said Luc Desjardins, Superior's President and CEO.
“I would like to extend a warm welcome to the dedicated employees and loyal customers from these successful businesses,” said Greg McCamus President of Superior Propane. “Building on the great heritage of these well-run family businesses, we look forward to providing these customers with Superior’s industry leading digital solutions such as the SMART* Tank™ wireless monitoring system and our exclusive mySUPERIOR™ mobile app.”
The purchase price of each of these acquisitions was funded by drawing on Superior's existing credit facility.
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 production and sale of specialty chemicals.
For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: [email protected], Toll Free: 1-866-490-PLUS (7587).
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Beth Summers, Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
Rob Dorran, Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
E-mail: [email protected]
Toll Free: 1-866-490-PLUS (7587)