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Today, the United States Stove Company produces a full range of heating appliances across various fuel types including wood, pellet, coal, liquid propane, natural gas, kerosene and diesel fuels. [13] The company holds over 25 U.S. patents [ 14 ] and approximately 80 registered brand names.
On December 1, 2002, Ferrellgas purchased the propane operations of ProAm, Inc., then the nation's 17th largest propane retailer, for $25.6 million and a $10 million deferred seller note. The regional company had 70,000 customers and 57 retail outlets in seven states, the largest concentration of these being in Georgia and Texas.
AmeriGas was founded in 1959. In October 2008, it acquired the propane assets of Penn Fuel Propane for $32 million. [4]In January 2012, it acquired Heritage Propane from Energy Transfer Partners for approximately $1.46 billion in cash and $1.32 billion in common units and the assumption of debt.
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Ferrell North America performs propane trading and distribution for more than 600 Ferrellgas locations. Founded in Houston, Texas in 1977, Ferrell North America also purchases, trades, sells, stores, and transports natural gas liquids and oil refinery feedstocks in conjunction with major oil companies, petrochemical manufacturers, gas processors, and other retail propane companies.
The phenomenal growth of these two companies during the 1880s and 1890s led to the merger of eight other stove companies in St. Louis, Chicago and Cleveland in 1901 to form the American Stove Company. [1] American Stove introduced the first oven temperature control device in 1914. In 1929, it began using the brand name Magic Chef. The Magic ...