Superior Plus Announces Completion of the Sale of Canadian Propane Distribution Assets Required by the Consent Agreement with the Competition Bureau
TORONTO--(BUSINESS WIRE)-- Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to announce the completion of the previously announced sale of the propane assets required by the terms of the consent agreement entered into with the Competition Bureau as part of the Canwest Propane acquisition, following approval by the Competition Bureau of the purchasers and satisfaction of certain customary closing conditions. Superior sold the assets to two separate third-parties in independent transactions, the last of which closed on April 30, 2018.
About Superior Plus Corp.
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.
For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: firstname.lastname@example.org, Toll Free: 1-866-490-PLUS (7587).
Superior Plus Corp.
Beth Summers, 416-340-6015
Executive Vice President and Chief Financial Officer
Rob Dorran, 416-340-6003
Vice President, Investor Relations and Treasurer
Toll Free: 1-866-490-PLUS (7587).