MFA Oil Company Purchases New Hampton Implement and Propane
October 2, 2014
Columbia, Missouri – MFA Oil Company, a farmer-owned cooperative based in Columbia, MO, made the first acquisition of its fiscal year by purchasing New Hampton Implement and Propane from Rick and Serena Naylor.
Based in New Hampton, Missouri, the acquisition covers the propane customers in northwest Missouri. MFA Oil will be servicing these new accounts from the existing company locations in Albany, Stanberry and Bethany.
“New Hampton Implement and Propane is strategically located between several existing MFA Oil locations,” says MFA Oil President and CEO Mark Fenner. “This allows us to maximize our efficiencies in this area to service these new customers so we can continue to bring value to all of our customers.”This is the first acquisition of MFA Oil’s fiscal year and the 16th acquisition in the last 25 months. MFA Oil continues to look for opportunities to purchase companies in its existing market area as well as expand its footprint to other states.