Ferrellgas Partners Buys Mr. Bar-B-Q
Ferrellgas Partners, L.P. (NYSE: FGP), one of the nation's largest distributors of propane, announced today the acquisition of Mr. Bar-B-Q, a leading provider of high-quality barbeque tools, accessories and parts, headquartered in Old Bethpage, New York. The acquisition will be immediately accretive. Terms were not disclosed.
Ferrellgas' portable tank exchange operation, nationally branded under the name Blue Rhino, already puts the company top-of-mind among the nation's backyard grilling enthusiasts. Through Blue Rhino's Global Sourcing arm, the partnership is also a top provider of barbeque grills and outdoor living products through some of the nation's leading retail outlets.
Ferrellgas President and Chief Executive Officer Steve Wambold pointed out, "Mr. Bar-B-Q is the perfect complement to Blue Rhino's number-one brand of propane tank exchange and its wide assortment of outdoor living products.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.