Wednesday, September 9, 2020
Simmons Foods Inc. (Siloam Springs, Ark.) reported on Sept. 1, 2020 that it had sold its propane business to MFA Oil Co. Simmons Energy Solutions is a small propane supply company with locations in Decatur, Ark., and Jay, Okla. Terms of the sale were not disclosed.
“As a food company, we have determined that propane operations are outside of our core business,” said David Jackson, COO. “We are confident that we leave our customers in good hands with MFA Oil and we will work together to ensure a seamless transition process.”
“We believe their business approach and culture is a good fit for our valued customers and team members,” Jackson added. “We are pleased that MFA Oil plans to extend job offers to the majority of team members currently working in this operation.”
MFA Oil is a farmer-owned cooperative headquartered in Columbia, Mo. They have provided fuels, propane, and other petroleum products to customers since 1929.
SOURCE: The Weekly Propane Newsletter, September 10, 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.
“As a food company, we have determined that propane operations are outside of our core business,” said David Jackson, COO. “We are confident that we leave our customers in good hands with MFA Oil and we will work together to ensure a seamless transition process.”
“We believe their business approach and culture is a good fit for our valued customers and team members,” Jackson added. “We are pleased that MFA Oil plans to extend job offers to the majority of team members currently working in this operation.”
MFA Oil is a farmer-owned cooperative headquartered in Columbia, Mo. They have provided fuels, propane, and other petroleum products to customers since 1929.
SOURCE: The Weekly Propane Newsletter, September 10, 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.
