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Superior Plus Corp.

03:39 PM EST - Superior Plus Corp. : announced that Superior Plus Energy Services LLC, its indirect wholly owned subsidiary has closed the acquisition of certain assets which make up a retail heating oil and propane distribution business from Sunoco, Inc., and Sunoco, Inc. for an aggregate purchase price, including working capital of approximately $86 million U.S. in cash. Sunoco Retail Heat is a U.S. distributor of a broad range of liquid fuels and propane gas serving markets in Pennsylvania and New York which also provides comprehensive services to its customers. Sunoco Retail Heat has a distribution network which includes the operation of two pipeline-supplied fuel terminals and 22 retail bulk plants providing up to 20 million gallons of storage capacity in its core markets. Superior Plus Corp. shares T.SPB are trading up $0.12 at $11.73.