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Parkland Fuel Corp Enters United States With Acquisition Of 1.1 Billion Litre (300 Million Gallon) Fuel Distribution Business

Friday, 8 Nov 2013 08:05am EST 

Parkland Fuel Corp announced that it has entered into a definitive agreement to acquire all outstanding shares of North Dakota's SPF Energy Inc. (the Acquisition or SPF), the parent company of Farstad Oil Inc. and Superpumper Inc. Subject to satisfaction of closing conditions, the outstanding shares of SPF will be purchased for approximately $110 million consisting of approximately $89 million cash and approximately $21 million in common shares of Parkland. 

Company Quote

-0.16 -0.60%
20 Apr 2015