OVERLAND PARK, Kan.,
March 8, 2011 /PRNewswire/ --
Ferrellgas Partners, L.P. (NYSE: FGP) today announced the
acquisition of Ram Propane, an independent propane retailer based
in Dubois, Wyoming, that services
residential and industrial accounts in several Western Wyoming markets, including
Jackson Hole and the Grand Teton
and Yellowstone National Parks. The acquisition marks the
partnership's fourth acquisition since the start of its fiscal
year, August 1, 2010. Terms of the
deal were not disclosed.
"Ram Propane has made a significant impact in Western Wyoming's propane market in a
relatively short time," President and Chief Executive Officer
Steve Wambold pointed out. "This
strategic move meets our strict acquisition criteria and provides
us the opportunity to service an attractive new market area
adjacent to existing Ferrellgas operations. We look forward to
building upon the positive momentum the Ram business has already
generated."
This most recent purchase adds to the approximately 225
acquisitions the company has completed in its more than 70-year
history. During that time, Ferrellgas has grown from a
single-location, independently owned propane retailer to a publicly
traded company that is one of the largest propane retailers in
the United States.
Ferrellgas Partners, L.P. is a Fortune 1000 company and, through
its operating partnership, Ferrellgas, L.P., serves approximately 1
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. More information about the company
can be found at www.ferrellgas.com.
Contact:
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Tom Colvin, Investor Relations,
913-661-1530
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Jim Saladin, Media Relations,
913-661-1833
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SOURCE Ferrellgas Partners, L.P.