TORONTO: Superior Plus Corp., through one of its wholly-owned subsidiaries, has acquired all of the equity interests of a Southern California retail propane distribution company, operating under the trade name Central Coast Propane.
Founded in 1992, and located in Paso Robles, California, Central Coast is an established independent retail propane distributor serving approximately 2,800 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. 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,” said Luc Desjardins, Superior’s President and CEO.
Superior Plus consists of two primary operating businesses: Energy Distribution includes the distribution of propane and distillates, and supply portfolio management; and Specialty Chemicals includes the production and sale of specialty chemicals.