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Airgas Acquires
Southern Welding in Alabama, Alpena Supply in Michigan
RADNOR, PA December 4, 2006
--
Airgas, Inc. (NYSE:
ARG) today
announced it has acquired the assets and operations of
Southern
Welding Supply, Inc., based in northern Alabama, and
Alpena Supply Company, headquartered in Alpena, MI. The two
transactions, plus two smaller transactions effective
December 1, 2006, bring the total number of acquisitions in
fiscal 2007 to 10, with acquired sales now topping $140
million.
Southern
Welding Supply, an industrial gas and welding supply
distributor with four locations in Tarrant, Pelham, Decatur,
and Tuscaloosa, AL, generated $15 million in revenue in the
12 months ended June 30, 2006. The operations have been
integrated into Airgas South, one of 13 regional companies
within Airgas.
“We are pleased to welcome 33
associates of Southern Welding to the Airgas team, including
Randy Puryear, who will manage sales in Northern Alabama for
us,” said Jay Sullivan, president of Airgas South. “Randy,
his sister Dianne, and brother Ronnie have ably managed
Southern Welding, which was founded by their father Ray in
1973. The Puryears are working with us to ensure a smooth
transition for Southern’s customers and associates.”
In the Michigan acquisition,
Airgas Great Lakes will integrate four locations in Alpena,
Gaylord, Charlevoix, and Petoskey, MI, constituting the
Welding Division of Alpena Supply Company and its Northern
Michigan Welding Supply affiliate, which collectively
totaled more than $4 million in annual revenues.
The company, which has been
in business for more than 60 years, also operates a
plumbing, heating, and pipes, valves, and fittings (PVF)
division, which will remain with the owner, William Kelly,
and will continue to operate as Alpena Supply Company PVF
Division.
“We are pleased to welcome
nine employees from these operations,” said Mike Ziegler,
president of Airgas Great Lakes. “These operations will
give us better coverage in northern Michigan, especially in
Alpena and Gaylord.”
Two smaller transactions,
with total acquired sales of less than $2 million, also
closed effective December 1, 2006.
Airgas,
Inc. (NYSE:
ARG), through its subsidiaries, is the largest U.S.
distributor of industrial, medical, and specialty gases, and
related hardgoods, such as welding equipment and supplies.
Airgas is also the third-largest U.S. distributor of safety
products, the largest U.S. producer of nitrous oxide and dry
ice, the largest liquid carbon dioxide producer in the
Southeast, and a leading distributor of process chemicals,
refrigerants and ammonia products. More than 10,000
employees work in about 900 locations including branches,
retail stores, gas fill plants, specialty gas labs,
production facilities, and distribution centers. Airgas
also distributes its products and services through eBusiness,
catalog and telesales channels. Its national scale and
strong local presence offer a competitive edge to its
diversified customer base. For more information, please
visit
www.airgas.com <http://www.airgas.com/>.
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