Tuesday, November 24, 2020
Paraco Gas (Rye, N.Y.) completed the acquisition of F.M. Popovich & Sons Inc. (Ashland, Maine) on. Oct. 14, and marked the retirement of former owners, Fred and Hildegard Popovich. The Popovich family business, founded by Fred and Wilma Popovich in 1946, grew to serve approximately 850 propane customers. Paraco is also a family- owned and -operated business, and has been servicing Worcester County, Mass., since 2007.
“Paraco has been serving Worcester County with propane product for over a decade,” said Fred Popovich, president at F.M. Popovich & Sons Inc. “They already know our customers’ needs and our supply demands very well, so this will be an easy and seamless transition.”
“Our belief that ‘every customer is important’ is the cornerstone of our company and we are proud of the level of service that our customers have come to expect and trust for the past 50 years,” said Christina Armentano, executive vice president and third generation family member at Paraco Gas. “This opportunity with F.M. Popovich & Sons Inc. combines two strong brands in Worcester County; it demonstrates our commitment to continued growth into New England, and it is a perfect fit with our community-focused family business.”
SOURCE: The Weekly Propane Newsletter, November 25, 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.
“Paraco has been serving Worcester County with propane product for over a decade,” said Fred Popovich, president at F.M. Popovich & Sons Inc. “They already know our customers’ needs and our supply demands very well, so this will be an easy and seamless transition.”
“Our belief that ‘every customer is important’ is the cornerstone of our company and we are proud of the level of service that our customers have come to expect and trust for the past 50 years,” said Christina Armentano, executive vice president and third generation family member at Paraco Gas. “This opportunity with F.M. Popovich & Sons Inc. combines two strong brands in Worcester County; it demonstrates our commitment to continued growth into New England, and it is a perfect fit with our community-focused family business.”
SOURCE: The Weekly Propane Newsletter, November 25, 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.
