Wednesday, October 21, 2020
Superior Plus Corp. (“Superior”; Toronto) announced Oct. 15 that one of its wholly-owned subsidiaries has acquired all of the equity interests of a Southern California retail propane distribution company, operating under the tradename Central Coast Propane (“Central Coast”).
Founded in 1992, and located in Paso Robles, Calif., Central Coast is an established independent retail propane distributor serving approximately 2800 residential and commercial customers in Southern California.
“The acquisition of Central Coast is Superior’s fourth acquisition in 2020 and third retail propane acquisition in California,” said Luc Desjardins, Superior’s president and CEO. “Central Coast has an attractive mix of residential and commercial customers, and we anticipate this acquisition will provide synergy opportunities with our existing retail and wholesale propane operations in California.”
SOURCE: The Weekly Propane Newsletter, October 22, 2020. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.
Founded in 1992, and located in Paso Robles, Calif., Central Coast is an established independent retail propane distributor serving approximately 2800 residential and commercial customers in Southern California.
“The acquisition of Central Coast is Superior’s fourth acquisition in 2020 and third retail propane acquisition in California,” said Luc Desjardins, Superior’s president and CEO. “Central Coast has an attractive mix of residential and commercial customers, and we anticipate this acquisition will provide synergy opportunities with our existing retail and wholesale propane operations in California.”
SOURCE: The Weekly Propane Newsletter, October 22, 2020. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.
