GROWMARK Acquires Propane Terminal and Truck Center

Cindy Zimmerman

GROWMARK announced two acquisitions in the fuel business this week.

First, GROWMARK has acquired a propane terminal in New Hampton, Iowa with nearly one million gallons of total storage capacity. The terminal will be used primarily to serve area FS companies and local retailers, and will be utilized in conjunction with its rail propane terminal in nearby Mason City, Iowa.

In addition, GROWMARK acquired the assets of L.T. & E., Inc., a family owned and operated tank and truck manufacturer and repair facility based in Arcola, Illinois that works exclusively on vacuum and fuel delivery vehicles. The acquisition gives GROWMARK Tank & Truck Center its sixth shop location with three others in Illinois and two in Iowa. GROWMARK Tank & Truck Centers as state-of-the-art production centers that manufacture delivery trucks for the liquid fuel, propane, and bulk oil industries.