MOSCOW (MRC) -- Superior Plus Corp. ("Superior") announced that it has closed the previously announced acquisition of the propane distribution assets of R.W. Earhart Company for an aggregate purchase price of approximately USD38.0 millionas per Marketwired.
The purchase price was paid with cash from Superior's credit facility.
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. In addition to its Canadian and US propane businesses, Calgary, Alberta-based Superior Plus is a large North American sodium chlorate producer.
MRC