AmeriGas Acquires U.S. Propane Distribution Business Of Shell

Valley Forge, PA - AmeriGas Partners, L.P. announced that its operating partnership has acquired Shell Gas (LPG) USA, which owns and operates a retail propane distribution business. The business sells over 13 million gallons of propane annually to nearly 20,000 customers from twelve locations in Michigan. Terms of the transaction were not disclosed.

AmeriGas Partners is the nation's largest retail propane marketer, serving nearly 1.3 million customers from over 600 distribution locations in 46 states. UGI Corporation , through subsidiaries, owns 44% of the Partnership and individual unitholders own the remaining 56%.

SOURCE: AmeriGas