UGI acquires BP’s Polish liquefied petroleum gas distribution unit

Cover of UGI's "Analyst Day" presentation. UGI has agreed to buy BP's LPG distribution unit in Poland.
Cover of UGI's "Analyst Day" presentation. UGI has agreed to buy BP's LPG distribution unit in Poland.
Posted: November 21, 2012

UGI Corp., the Valley Forge energy company, has acquired another European distributor of liquefied petroleum gas.

The company announced Tuesday that its subsidiary, Flaga GmbH, has reached an agreement to acquire the LPG distribution business of BP in Poland, which distributed 150 million gallons of bottled fuel to residential, commercial and wholesale customers last year. Terms were not disclosed.

UGI's expanding international propane business distributed more than 600 million gallons of LPG throughout Europe, where it has acquired several networks in recent years. Flaga acquired BP's Denmark LPG business in 2010.


Contact Andrew Maykuth at 215-854-2947, @Maykuth on Twitter or amaykuth@phillynews.com.

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