MFA Oil Company, a farmer-owned energy supply cooperative, announces it has acquired full ownership of Callaway Propane LLC in Fulton, Mo., effective Jan. 2. Callaway Propane was formed in 1998 as a partnership between MFA Oil and Callaway Electric Cooperative.
"This decision was made so that each company can focus on its core strengths moving forward,” says Jon Ihler, MFA Oil vice president of sales and marketing. “Taking full ownership of the Callaway Propane allows us to fully implement some system-wide technology and efficiency upgrades that should greatly enhance propane services for our customers.”
Callaway Propane’s operations and office at 2760 N. Bluff St. in Fulton, Mo. will remain open and it will be rebranded as an MFA Oil location.
This is the first acquisition of MFA Oil’s 2018 fiscal year, which began September 1, 2017.
MFA Oil will continue to evaluate strategic acquisition opportunities in its existing market areas and other states where it can expand its footprint.