LIBERTY, Mo., May 9 /PRNewswire-FirstCall/ -- Ferrellgas Partners, L.P.
(NYSE: FGP), one of the nation's largest propane retailers, announced today
the acquisition of the propane operations of Pettit Oil Company, Inc. in
Washington state.
The acquisition brings Ferrellgas approximately 2,100 customers and adds
2 million gallons to the company's annual retail sales volume. It is
Ferrellgas' 60th acquisition since becoming a publicly traded company in 1994.
"Strategic growth through acquisitions continues to be a high priority for
Ferrellgas," said Kenneth A. Heinz, Vice President of Corporate Development.
"This operation blends directly into our current operations in Washington and
positions us for continued growth in the future."
Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas,
L.P., currently serves more than 1 million customers in 45 states. Ferrellgas
employees indirectly own more than 17 million units of the partnership through
an employee stock ownership plan. Ferrellgas trades on the New York Stock
Exchange under the ticker symbol FGP. More information about the company can
be found online at http://www.ferrellgas.com .
Contacts: Ryan VanWinkle, Investor Relations, 816-792-7998
Scott Brockelmeyer, Media Relations, 816-792-7837
SOURCE Ferrellgas Partners, L.P.
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Related links:
http://www.ferrellgas.com
CONTACT:
Ryan VanWinkle, Investor Relations,
+1-816-792-7998, or Scott Brockelmeyer, Media Relations,
+1-816-792-7837, both of Ferrellgas Partners, L.P.
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