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Sunoco Sells Propane Business

3:11 PM MDT | September 2, 2009 | Vincent Valk

Sunoco has sold its retail propane and heating oil distribution business to Superior Plus Corporation (Calgary, AB) for $82.5 million, the company says. The business includes Sunoco Home Comfort Services, Mohawk Home Comfort Services, and Montour Home Comfort Services, and serves the Mid-Atlantic region of the U.S. “This sale demonstrates our continuing efforts to realign our portfolio of assets and represents another step toward improving our performance and competitiveness. We are grateful to the talented and dedicated employees whose commercial skill and...

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