business

NEW OFFICERS — Greater Cape May Chamber of Commerce installed new officers at its dinner meeting at the Washington Inn last week. Left to right. Carin Fedderman. president; John Dunwoody, first vice president. Millie Lacanfaora. secretary: Jay Schatz. second vice president; and Charles Bernard, treasurer

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Employes Honored by S.J. Gas FOLSOM - Employes of South Jersey Gas Company r attaining five-year levels of service during 1984 were honored at the Annual Service Awards 6 inner recently at Merighi's Savoy Inn, Vineland. In his address to the honorees. William F. Ryan, president of South Jersey Gas Co., stated, "You have worked to the best of your ability for the betterment of the company. Your personal growth will assure the continued growth of our company. Together, we will work to improve our efficiency by broadening our knowledge to keep stride with the business world. A total of 97 employees from each of the four division offices, as well as the A corporate headquarters, |j received recognition for fi their contributions to the y Company. fl

S.J. Fuel Bought By Lakewood Firm

FOLSOM - William F. Ryan, president and chief executive officer of South Jersey Industries, Inc., has announced the signing of an agreement of sale of the company's fuel oil distribution subsidiary. South Jersey Fuel, Inc., to Acme Oil Co., of Lakewood for approximately 84 million. The closing is schedueld for Oct. 31. Ryan stated the South Jersey Fuel, formed through a series of acquisitions of small fuel oil distributors beginning in 1971,. was a steady, if unspectacular.xcontributor to South Jersey Industries' earnings but was not on the - market for sale. HOWEVER, everything has its price, and Acme's ■ price was attractive to the company," Ryan said. He added, i^'We will put these dollars to other uses in other segments of our business, as well as looking to new business opportunities." South Jersey Indus tires is the parent company of South Jersey Gas Co., *a natural gas distribution company serving the southern part of New Jersey; The Morie Co., an industrial sand and gravel company with plants in. New Jersey, Georgia, Tennessee and Alabama; Delaware Valley Industrial Gases, a federally licensed pressure- vessel reconditioner and acetylene manufacturer; and South Jersey Exploration Co.,

which is involved in the exploration for natural . gas and oil. : South Jersey Fuel serves ' approximately 18,000 custonlers in the New | Jersey counties of Burl- ' ington, Camden, Cape May, Gloucester, Salem. Essex. Hunterdon, Middlesex, Morris, Somerset and Union.

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