Blue Rhino Acquires Mr. Bar-B-Q
OVERLAND PARK, KANSAS
Blue Rhino, a division of 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 barbecue tools, accessories and parts, headquartered in Old Bethpage, New York. Terms were not disclosed.
Blue Rhino is sold at thousands of retail stores nationwide; that already puts the company top-of-mind among backyard grillers. Through Blue Rhino's Global Sourcing arm, the partnership is also a top provider of barbecue grills and outdoor living products through some of the nation's leading retail outlets.
Ferrellgas president and chief executive officer Steve Wambold pointed out that, "Mr. Bar-B-Q is the perfect complement to Blue Rhino's propane tank exchange brand and its wide assortment of outdoor living products.
"Mr. Bar-B-Q has long prided itself in offering 'Everything for the Grill.' As we marry the Mr. Bar-B-Q brand with Blue Rhino, consumers will be able to exchange for our ready-to-grill tanks at the front of the store and then find our propane-powered products and barbecue accessories elsewhere in that same store. It's a tremendous opportunity for us and for our retail partners.
"Although Mr. Bar-B-Q doesn't represent our typical acquisition, it clearly meets our strict criteria. Its diverse product offerings fit quite neatly into our portfolio, and will add to our earnings at once. We're thrilled to welcome the company and its employees to our family."
About Blue Rhino
In 1994, Blue Rhino - named for the color of a propane flame and the endangered animal - launched America's first branded propane tank exchange service. Today, Blue Rhino is more than propane, with a full line of products at the heart of outdoor living. This includes grills, heaters, firepits, fireplace accessories, mosquito traps, charcoal and more sold under brands such as Endless Summer, UniFlame and SkeeterVac. Blue Rhino's leading propane exchange brand is available at more than 45,000 retail stores in 50 states and Puerto Rico and is based in Winston-Salem, North Carolina. Blue Rhino is a division of Ferrellgas, L.P.
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About Ferrellgas
Ferrellgas Partners, L.P., through its operating partnership Ferrellgas, L.P., serves customers in all 50 states, the District of Columbia and Puerto Rico. Ferrellgas employees indirectly own more than 21 million common units of the partnership through an employee stock ownership plan. More information about the partnership can be found online.
For more information, visit the website.