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Superior Plus Corp.

09:51 AM EST - Superior Plus Corp. : Announced that one of its wholly-owned subsidiaries has entered into an agreement to acquire the assets of a retail propane and heating oil distribution company based in New Hampshire, operating under the tradename, Rymes Propane and Oil (“Rymes”) for an aggregate purchase price of approximately U.S. $159 million (CDN $210 million) before adjustments for working capital. Superior anticipates drawing on its credit facility to fund the amount of the purchase price due on closing. The Acquisition, which is subject to customary regulatory and commercial closing conditions, is anticipated to close by September 30. Superior Plus Corp. shares T.SPB are trading up $0.12 at $12.48.