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AmeriGas buys a Michigan propane business

AmeriGas Partners L.P. said it had acquired Shell Gas (LPG) USA, which owns and operates a retail propane distribution business.

AmeriGas Partners L.P. said it had acquired Shell Gas (LPG) USA, which owns and operates a retail propane distribution business.

Terms were not disclosed, but the Shell business sells about 13 million gallons of propane annually to nearly 20,000 customers from twelve locations in Michigan.

AmeriGas Partners of Valley Forge is a retail propane marketer, serving nearly 1.3 million customers. Its shares were up 72 cents to $37.95 in early-afternoon New York Stock Exchange trading.