Engineering News

Sunoco to sell retail heating oil unit for $82.5M
Wednesday September 2, 2009, 11:04 am EDT

Sunoco to sell retail heating oil and propane distribution unit to Superior Plus for $82.5M

PHILADELPHIA (AP) -- Oil refiner Sunoco Inc. said Wednesday it will sell its retail heating oil and propane distribution business to Canada's Superior Plus Corp. for $82.5 million in cash, as it continues to realign its portfolio of assets.

Sunoco's heating oil and propane distribution business supplies a broad range of liquid fuels and propane gas throughout Pennsylvania, New York, New Jersey and Delaware. The business includes Sunoco Home Comfort Services, Mohawk Home Comfort Services and Montour Home Comfort Services.

Canadian-based Superior Plus said the deal will help it expand its fuel distribution footprint into the United States.

Shares of Sunoco rose 11 cents to $25.75 in morning trading.

Source: Associated Press

Engineering News Archive

 
// CAREER RESOURCES

Applicant Procedures
Job Seekers
Resume Help
Professional Organizations
Engineering Career Information
Engineering Colleges

// WHAT WE DO
Recruiters for
Professionals in the Chemical
& Pharmaceutical Industries
We recruit exclusively for Engineers and Operations/Maintenance Management Personnel in the following areas:
Specialty chemicals
Bulk chemicals
Commodity Chemicals
Petrochemicals
Fine chemicals
Agrochemicals
Industrial gases
Surfactants
Fertilizers
Solvents
Coatings
Polymers
Pharmaceuticals
Refinery
Career Center | FAQs | Privacy
SESI Corporate Headquarters (954)755-3121 ext 109
© Search Enterprises, Inc. All rights reserved.
Submit a Job About Search Enterprises Submit a Resume Candidates Job Opportunities Search Enterprises Home