OVERLAND PARK, Kan., Sept. 26 /PRNewswire-FirstCall/ -- Ferrellgas
Partners, L.P. (NYSE: FGP), one of the nation's largest propane distributors,
recently purchased assets in central California and southern Texas, signaling
its intention to once again grow its business by aggressively pursuing and
acquiring well-run propane companies.
The central California acquisition brings more than 2,500 customers and
approximately four million gallons annually and positions the partnership in
an attractive market for further growth.
Ferrellgas has also acquired a mature community propane system in Austin,
Texas, enhancing an existing customer base and further strengthening prospects
for regional growth.
"Ferrellgas has a long history of growth through acquisition and these
transactions reflect our commitment to continue that pattern, complementing
our focus on organic growth," explained President and Chief Operating Officer
Steve Wambold. "We remain committed to acquiring operations in high-growth
markets that will be accretive to earnings and believe that our renewed
efforts in this area position us for further opportunities going forward."
Ferrellgas Partners, L.P. is a Fortune 1000 company and, through its
operating partnership, Ferrellgas, L.P., serves approximately one million
customers in all 50 states, the District of Columbia, and Puerto Rico.
Ferrellgas employees indirectly own more than 20 million common units of the
partnership through an Employee Stock Ownership Plan.
Contact: Jim Saladin, Media Relations, 913-661-1833
Tom Colvin, Investor Relations, 913-661-1530
SOURCE Ferrellgas Partners, L.P.