Co-opérative Régionale de Nipissing Sudbury Ltd.

Co-opérative Régionale de Nipissing Sudbury Ltd.

August 25, 2009 12:21 ET

Verner Based FS Co-Operative Acquires Retail Bulk Fuel Business From Norstar Petroleum Limited

VERNER, ONTARIO--(Marketwire - Aug. 25, 2009) - New growth for Co-operative Regionale de Nipissing Sudbury Ltd.'s operation took place on Aug. 19 with the acquisition of a heating, farming and commercial fuels business from Norstar Petroleum Limited.

Norstar Petroleum's Owner Operator Jim Belanger saw this as a good time to sell his well-established retail business. "I recognized that positioning the heating, farming and commercial fuel business with the Co-operative Regionale de Nipissing Sudbury would be a good decision for the continuing success of the business and its loyal customers," says Belanger.

In the greater Sudbury are, Norstar Petroleum Limited provides local customers with much of the same products already offered to Co-operative Regionale de Nipissing Sudbury customers from its eight branches located throughout the Nipissing, Temiskaming and Algoma regions. The co-operative's General Manager Raymond Savage said, "It is a natural extension to our organization and I am confident the transition will be a 'move-in friendly' experience for both of our businesses and our customers."

Norstar Petroleum will continue to operate its long haul bulk fuel trucking business under the same name and will manage the heating, farming and commercial business for Co-operative Regionale. Jim Belanger will stay involved and continue to serve his current customers while growing the business through additional offerings now possible with Co-operative Regionale programs.

More than 4,000 members own Co-operative Regionale de Nipissing-Sudbury Ltd. From locations in Verner, Noelville, St-Charles, Thornloe and Algoma, the co-operative provides products and services in agronomy, feed, grain handling, petroleum products including renewable fuels and propane, and consumer retail needs including three grocery stores located in St. Charles, Noelville and Verner. It also operates a fertilizer blender and grain handling facility in the Temiskaming region. It is a shareholder of GROWMARK, Inc., and markets products and services under the FS banner. Norstar Petroleum Ltd. is a retail fuel supplier of home heat, farm and commercial diesel as well as gasoline. It also operates a long haul bulk fuel trucking business. The business is located in Azilda, ON and serves customers throughout the Sudbury region.

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