OVERLAND PARK, Kan., Oct. 13 /PRNewswire-FirstCall/ -- Ferrellgas
Partners, L.P. (NYSE: FGP), one of the nation's largest propane
distributors, today announced that it has acquired the assets of 1st
Propane of Poplar, Wisconsin, and Getman's Gas Company of Ovid, New York.
These transactions are the company's fourth and fifth acquisitions since
the beginning of its fiscal year on August 1, 2006.
The Getman's acquisition brings more than 5,000 customers to Ferrellgas
in New York's Finger Lakes region. The 1st Propane transaction represents a
gain of approximately 900 customers in the Twin Ports area of northwestern
Wisconsin.
"These deals continue our strategy of acquiring well run propane
companies," says Vice President of Corporate Development Brian Kline.
"These companies are a great complement to our existing operations and have
reputations for service and safety that closely mirror our own. We look
forward to welcoming their employees into the Ferrellgas family."
Ferrellgas Partners, L.P. is a Fortune 1000 company and, through its
operating partnership, Ferrellgas, L.P., serves more than one million
customers in all 50 states, the District of Columbia, Puerto Rico and
Canada. Ferrellgas employees indirectly own more than 20 million common
units of the partnership through an employee stock ownership plan.
Contact: Scott Brockelmeyer, Media Relations, 913-661-1830
Ryan VanWinkle, Investor Relations, 913-661-1528
SOURCE Ferrellgas Partners, L.P.
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Related links:
http://www.ferrellgas.com/
CONTACT:
Scott Brockelmeyer, Media Relations,
+1-913-661-1830, or Ryan VanWinkle, Investor Relations,
+1-913-661-1528, both of Ferrellgas Partners, L.P.
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