MFA Oil acquires American Petroleum Marketers
Contact: Tom May, Director of Public Relations Tel: 573-876-0311 Email: firstname.lastname@example.org
Columbia, Missouri (November 1, 2013) – MFA Oil Company, a farmer-owned cooperative based in Columbia, MO, has acquired American Petroleum Marketers (APM), based in Bonner Springs, Kansas. APM has been in operation since 2008 and distributes fuel to over 60 Cenex branded sites, along with unbranded fuel, in six states.
“We are looking forward to serving the APM customers,” says Mark Fenner, chief operating officer of MFA Oil. “APM has quickly grown by providing value to their customers, and this fits really well with our new strategic direction to pursue and grow the dealer business and expand the MFA Oil footprint.”
The APM operations will be combined with existing MFA Oil wholesale and jobber operations. APM was owned by five cooperatives located in Colorado, Kansas, Nebraska and Oklahoma. APM’s trade territory includes these states as well as Wyoming and Missouri.
This is the fifth acquisition for MFA Oil since January. MFA Oil acquired Henderson Oil, Columbia, MO; McCorkell Oil, Piedmont, MO; Rowland Oil, Jackson, MO and the refined fuel operations of MFA Cooperative, Freeburg, MO. These five acquisitions increase MFA Oil’s annual volume by nearly 50 million gallons.
About American Petroleum Marketers (APM) APM, formed in 2008, is an LLC owned by five cooperatives: MKC, Mound Ridge, KS; CPI, Hastings, NE; Agfinity, Eaton, CO; Farmers Grain Company, Pond Creek, OK and Farmway Coop, Beloit, KS. APM distributes 40 million gallons of fuel to retailers, industrial and commercial accounts to generate $100 million in sales annually.
About MFA Oil Company: MFA Oil Company, formed in 1929, is a farmer-owned cooperative with more than 40,000 members. MFA Oil is one of the top ten propane companies in the United States. The company supplies fuels, lubricants and propane to customers in Missouri, Arkansas, Oklahoma, Kansas, Indiana, Kentucky, Iowa, Colorado, Nebraska, Wyoming and Virginia. MFA Oil Biomass LLC was started in 2011 to develop a vertically integrated biomass company utilizing miscanthus giganteous as an energy crop. Through a subsidiary, MFA Oil operates Break Time convenience stores in Missouri and Arkansas, Jiffy Lube franchises in central Missouri and Big O Tires franchises in central Missouri and Arkansas.
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