ORANGE, Calif., Feb. 10 /PRNewswire/ -- Southern Counties Oil Co., a California Limited Partnership ("SC Fuels"), today announced the successful completion of its acquisition of United Fuel & Energy Corporation ("United Fuel") through a merger of United Fuel with and into Goldstream, Inc., a wholly-owned subsidiary of SC Fuels. The shares of common stock of United Fuel have ceased trading on the Pink OTC Markets and have been converted into the right to receive $0.30 per share in cash.
About SC Fuels
SC Fuels is a private California limited partnership that distributes petroleum products throughout the Western United States.
About Goldstream, Inc. (formerly United Fuel & Energy Corporation)
Goldstream, Inc. is engaged in the business of distributing gasoline, diesel and lubricant products primarily in certain markets of Texas, California, New Mexico, Arizona and Oklahoma.
Contacts: |
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Frank Greinke, Chairman and CEO |
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[email protected] / 714-923-3010 |
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Robert Bollar, General Counsel for SC Fuels |
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[email protected] / 714-744-7140 |
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Lisa Elliott / IR Counsel - DRG&E |
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[email protected] / 713-529-6600 |
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SOURCE SC Fuels
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