Tentative Deal Reached to Sell Fred Fuller Oil | NECN
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Tentative Deal Reached to Sell Fred Fuller Oil

Fred Fuller Oil is seeking bankruptcy protection

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    Tentative Deal Reached to Sell Fred Fuller Oil

    New Hampshire's governor and attorney general say a tentative agreement has been reached to sell the assets of a home heating oil company seeking bankruptcy protection.

    Gov. Maggie Hassan and Attorney General Joseph Foster announced Saturday that the agreement would sell the ongoing business of Fred Fuller Oil and Propane to Rymes Propane & Oil and Sprague Operating Resources LLC would supply the products.

    Hassan says the agreement will help ensure that Fuller pre-buy customers will have access to the critical heating oil that they need this winter.

    Senior Assistant Attorney General Pete Roth says 2,320 customers have paid a total of $5.7 million in pre-buy fuel contracts. The Telegraph of Nashua reports Fuller owes $5.1 million on those contracts.

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