This acquisition, which allows Ferrellgas to enter into new market areas, is the company’s second acquisition in its current fiscal year, which began 1 August 2011.
Ferrellgas said the new acquisition provides it with a strategic entry into the Brownsville market, which is a vital hub for the transport of goods heading to and from Mexico.
Ferrellgas president and CEO Steve Wambold said in addition to a strong residential base, this acquisition also gives Ferrellgas an opportunity to service an attractive commercial market, which is a particular strength for the company.
