Top Left Corner Spacer Top Right Corner
Spacer Spacer
Bottom Left Corner Spacer Bottom Right Corner
|
Top Left Corner Spacer Top Right Corner Top Left Corner Spacer Top Right Corner
Spacer Spacer
Bottom Left Corner Spacer Bottom Right Corner Bottom Left Corner Bottom Right Corner
Spacer
Top Left Corner Spacer Top Right Corner
Spacer
Home | Events | Contacts
Spacer
Bottom Left Corner Spacer Bottom Right Corner
Spacer
Top Left Corner Spacer Top Right Corner
Spacer
NEWS >HeadlinesAsiaEuropeAfrica & Middle EastNorth AmericaLatin AmericaAlternative Fuels
Spacer
Bottom Left Corner Spacer Bottom Right Corner
Spacer
Top Left Corner Spacer Top Right Corner
Spacer
Newsletter Registration
depw_registration_finished_17_june.gif
Spacer
Bottom Left Corner Spacer Bottom Right Corner
Spacer
Top Left Corner Spacer Top Right Corner
Spacer
White Border Top
Spacer
Adverto Side Banner 2 2014
Spacer
White Border Bottom
Spacer
Bottom Left Corner Spacer Bottom Right Corner
Spacer
Top Left Corner Spacer Top Right Corner
Spacer
White Border Top
Spacer
WayneSide061013ovation
Spacer
White Border Bottom
Spacer
Bottom Left Corner Spacer Bottom Right Corner
Spacer
Spacer
Top Left Corner Spacer Top Right Corner
Spacer
OPW 2014 top banner 1
Spacer
Bottom Left Corner ADVERTISEMENT Bottom Right Corner
Spacer
Top Left Corner Spacer Top Right Corner
Spacer

Superior Plus Corp of Canada Buys Lindstedt Oil in USA

Print E-mail
Monday, 16 November 2009
Lindstedt Oil Company in New Milford, part of the CH Energy Group,  is being sold to Superior Plus,

The sale is to a Canadian energy company, Superior Plus Corp. , based in Calgary, Alberta. The sale is valued at $76 million and includes Griffith holdings in Pennsylvania, Rhode Island and Connecticut, including in-state divisions in New Milford, Cornwall, Torrington, Winsted and Seymour through its Sasco Energy Services division. The deal was consummated as the result of a year-long review by CH Energy Group of its holdings and investments. Concerned with high oil prices on its company portfolio, CH Energy decided to sell the Griffith division holdings, according to a company press release.

The sale is subject to regulatory approval in the United States and Canada but is expected to close in December, according to Superior's Web site.  If the acquisition is approved, Superior plans to combine Griffith Energy Services management team with its current team to operate the overall business, according to Superior.

A spokesman for the parent company, CH Energy Group of Poughkeepsie, N.Y., said the sale should not affect customers or employees of Lindstedt. “The sale does not include any sort of change to their operations or services," said company spokesman John Maserjian. "We're not seeing any changes to the way these companies (sold) are operating as part of the sale. We don't see any changes for their employees or their customers."

Lindstedt Oil Company was founded in 1935 by Carl Lindstedt and was located on Bridge Street. It was run by his two sons, Fred and Randal (Bee) Lindstedt and featured service stations and wholesale, retail and lubricant sales.   First sold in the late 1990s by the Lindstedt family after more than 60 years' family ownership to Sasco Energy,

PetrolWorld 111109

 

 

 
Spacer
Spacer
  Spacer  
Spacer
Bottom Left Corner Spacer Bottom Right Corner
Spacer
Spacer
Top Left Corner Spacer Top Right Corner
Spacer
Grey Border Top
Spacer Spacer
Grey Border Bottom
Spacer
Bottom Left Corner Spacer Bottom Right Corner
Spacer
Top Left Corner Spacer Top Right Corner
Spacer
Petrotec30S-2014
Spacer
Bottom Left Corner ADVERTISEMENT Bottom Right Corner
Spacer
Top Left Corner Spacer Top Right Corner
Spacer
a2i-Side-2014
Spacer
Bottom Left Corner ADVERTISEMENT Bottom Right Corner
Spacer

© 2014 PETROLWORLD.COM | TERMS & CONDITIONS  |  SITE MAP  |  CONTACT US