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Press release from Marketwire

Superior Plus Announces Completion of Its $18 Million Canadian Construction Products Distribution Acquisition

Wednesday, June 30, 2010

Superior Plus Announces Completion of Its $18 Million Canadian Construction Products Distribution Acquisition11:57 EDT Wednesday, June 30, 2010CALGARY, ALBERTA--(Marketwire - June 30, 2010) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESSuperior Plus Corp. (TSX:SPB) ("Superior") is pleased to announce that it has closed the previously announced acquisition of a western Canadian commercial and industrial insulation distributor (the "Business") for an aggregate purchase price of approximately $18 million. The purchase price consists of $16.0 million in common shares of Superior, with the remainder being paid in cash.About the CorporationSuperior consists of three primary operating businesses: Energy Services includes the distribution of propane and distillates and related fixed-price energy services; Specialty Chemicals includes the manufacture and sale of specialty chemicals; and Construction Products Distribution includes the distribution of specialty construction products.Superior's shares and convertible debentures trade on the TSX as follows: Trading Security Issued and Outstanding Symbol ---------------------------------------------------------------------------- SPB Common Shares 106.2 million SPB.db.b 5.75% Debentures, Series 1 $174.9 million principal amount SPB.db.c 5.85% Debentures, Series 1 $ 75.0 million principal amount SPB.db.d 7.5% Debentures $ 69.0 million principal amount SPB.db.e 5.75% Debentures $ 172.5 million principal amount ---------------------------------------------------------------------------- FOR FURTHER INFORMATION PLEASE CONTACT: Wayne Bingham Executive Vice-President and Chief Financial Officer (403) 218-2951 or Toll Free: 1-866-490-PLUS (7587) (403) 218-2973 (FAX) or Jay Bachman Vice-President, Investor Relations and Planning (403) 218-2957 or Toll Free: 1-866-490-PLUS (7587) (403) 218-2973 (FAX)