The largest petroleum products distributor in northern New England is buying the home heating oil division of another fuel company in Maine.
Portland-based Dead River Co. is buying Bangor-based Webber Energy Fuels’ retail heating oil business for an undisclosed price. The acquisition does not include Webber’s wholesale fuels, gasoline, insurance and other divisions.
In Augusta, Stone & Cooper, a division of Webber Energy Fuels, is at 68 Darin Drive.
Webber has more than 100,000 home heating accounts in Maine and southern New Hampshire. The 225 Webber employees who are in the retail division will become Dead River employees.
The companies signed a purchase-and-sales agreement Thursday. It will be several weeks before the deal is closed.
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