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Blue Rhino acquires Mr. Bar-B-Q

OVERLAND PARK, Kan. - Propane distributor Blue Rhino, a division of Ferrellgas Partners, L.P. (NYSE:FGP), announced it has acquired barbecue tools, accessories and parts provider Mr. Bar-B-Q, headquartered in Old Bethpage, N.Y. Terms were not disclosed.

Blue Rhino, a leading brand of propane tank exchange, is sold at thousands of retail stores nationwide. 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.

"Mr. Bar-B-Q is the perfect complement to Blue Rhino's propane tank exchange brand and its wide assortment of outdoor living products," said Steve Wambold, Ferrellgas president and CEO. "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 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."

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