Marquard & Bahls AG acquires stake in Superior Plus Corp.
The investment in Superior Plus is Marquard & Bahls' first investment in a publicly listed company. It follows the long-term investment strategy of building an innovative portfolio focused on gas and chemicals.
Superior Plus is a diversified company: The Energy Distribution business encompasses distribution and retail marketing of propane-related products, as well as distribution of liquid fuels. In Canada, Superior Plus is the number one propane distributor. The Specialty Chemicals business is focused on the production and supply of sodium chlorate and chlor-alkali products with nine production facilities in the Americas.
Superior Plus can also look back on a successful track record with consolidated sales growing over the last five years. Further, the company has strong profitability, with EBITDA of CAD 525 million in 2019 on consolidated revenues of CAD 2,853 million.
Marquard & Bahls AG is an agile, independent holding company in the energy & chemical sector. Its core lines of business include tank storage logistics, trading, and aviation fuelling. Marquard & Bahls has a presence in 33 countries in Europe, America, Asia, Africa and Australia and employs around 6,700 people through its subsidiaries.