MFA Oil Company, a farmer-owned energy supply cooperative, announces it has acquired the propane and refined fuel operations of independent retailer Cardie Oil, Inc. of Tampa, Kan. effective January 22, 2018.
"This addition broadens our marketing territory, moving us further west in Kansas and complements our existing operations within the state,” says Jon Ihler, MFA Oil vice president of sales and marketing. “As we grow our customer base in Kansas, we remain focused on delivering the same level of excellent service and support that customers have grown accustomed to from Cardie Oil.”
Cardie Oil, which was founded in 1939, will retain its retail tire business and a vehicle service garage in Marion, Kan.
“We are really pleased to have found such an ideal fit for our company,” says Craig Settle, president of Cardie Oil. “MFA Oil has the resources and technology to help us offer even better customer service and improve our operations. We are looking forward to a great future together, and think that this is a great opportunity for our customers and employees.”
The acquisition represents the sixth company MFA Oil has acquired in the Sunflower State in the last three years. MFA Oil made its initial move into Kansas when it acquired Lybarger Oil Inc. in Garnett, Kan., in October 2015. The company soon followed that purchase with a deal to acquire S&S Oil and Propane Company, Inc. of Emporia, Kan. in February 2016. The recent additions of Chanute LP Gas Inc., of Chanute, Kan., Tri-Star Propane Inc., based in Severy, Kan., and Spring Hill Oil Company of Spring Hill, Kan., have further solidified the company’s growing presence in eastern Kansas.
MFA Oil will continue to evaluate strategic acquisition opportunities in its existing market areas and other states where it can expand its footprint.