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Husky completes purchase of Superior oil refinery

Husky Energy has closed on its $492 million acquisition of Calumet (foreground), the company announced this week.The tanks in the background belong to Enbridge. (Steve Kuchera / skuchera@duluthnews.com)1 / 2
Husky Energy has closed on its $492 million acquisition of the Superior oil refinery, the company announced this week. (News Tribune file photo) 2 / 2

Husky Energy has closed on its $492 million acquisition of the Superior oil refinery, the company announced this week.

Husky, based in Calgary, Alberta, announced in August it was buying the refinery from Calumet and said there were no changes planned for the facility, which was reaffirmed in a news release Wednesday: “Husky is retaining the existing workforce at the refinery.”

About 180 people are employed at Wisconsin’s sole refinery, which provides the Northland with gasoline, asphalt and other specialty petroleum products. About 50,000 barrels of oil per day can be processed at the refinery, located at 2407 Stinson Ave.

Along with the refinery, Husky will take control of two asphalt terminals and two product terminals, a marine terminal, 3.6 million barrels of storage and a marketing business.

The closing price included the previously announced $435 million plus an additional payment.

The Superior refinery was built in 1950, acquired by Murphy Oil in 1958 and sold to Indianapolis-based Calumet for $475 million in 2011.

Brooks Johnson

Brooks covers business and the economy for the Duluth News Tribune.

(218) 723-5329
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