Superior Plus Corp.
TSX : SPB

Superior Plus Corp.

August 01, 2017 15:10 ET

Superior Plus Announces Completion of the Acquisition of Yankee Propane and Virginia Propane

TORONTO, ONTARIO--(Marketwired - Aug. 1, 2017) - Superior Plus Corp. ("Superior") (TSX:SPB) is pleased to announce that it has closed the previously announced acquisition of the assets of Yankee Propane Inc. and Virginia Propane Inc. for an aggregate purchase price of approximately US $31.5 million. The amount of the purchase price payable on closing of approximately US $27.5 million was paid with cash from Superior's 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 manufacture and sale of specialty chemicals.

For further information about Superior, please visit our website at www.superiorplus.com.

Contact Information

  • Beth Summers
    Senior Vice President and Chief Financial Officer
    (416) 340-6015

    Rob Dorran
    Vice President, Investor Relations and Treasurer
    (416) 340-6003
    Toll Free: 1-866-490-PLUS (7587)
    www.superiorplus.com