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Ferrellgas Partners, L.P.
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.
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