LIBERTY, Mo., Jan. 12 /PRNewswire-FirstCall/ -- Ferrellgas Partners, L.P. (NYSE: FGP), the nation's second-largest retail marketer of propane, announced today that it has acquired the retail propane operations in Texas, Oklahoma, Kansas and Missouri from Suburban Propane Partners, L.P. (NYSE: SPH).

The acquisition, which is Ferrellgas' 65th since its initial public offering in 1994, adds approximately 13 million gallons to the company's annual retail sales and closely follows the acquisition of Aeropres Propane, a 9 million gallon operation in Louisiana and Arkansas, which was competed on December 31, 2003. Ferrellgas has offered employment to all the employees of these former Suburban Propane locations.

"Ferrellgas is pleased to continue to acquire high quality operations such as Aeropres and Suburban," says Senior Vice President, Corporate Development Ken Heinz. "These acquisitions provide us with significant growth in a dynamic and growing part of the country."

Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., serves more than one million customers in 45 states. Ferrellgas employees indirectly own more than 17 million units of the partnership through an employee stock ownership plan. Ferrellgas trades on the New York Stock Exchange under the ticker symbol FGP.

Contacts: Scott Brockelmeyer, Corporate Communications, 816-792-7837

Ryan VanWinkle, Investor Relations, 816-792-7998

SOURCE Ferrellgas Partners, L.P.