Airgas, Inc. (NYSE: ARG) Executive Chairman Peter McCausland will be honored with a lifetime achievement award by Chemical Marketing & Economics (CM&E), a topical group of the American Chemical Society's New York section (ACS NY). McCausland will accept the award during the group’s Awards for Leadership at the Yale Club in New York City on Thursday, December 6.
McCausland is being recognized for his many years of leadership at Airgas, one of the nation’s leading suppliers of industrial, medical and specialty gases. McCausland founded Airgas in 1982 with the purchase of Connecticut Oxygen, an industrial gas distributor with approximately $3 million in sales. Through strategic growth initiatives and more than 400 acquisitions in 30 years, McCausland has led Airgas to become one of the premier industrial gas companies in the U.S., with sales of more than $4.7 billion in its most recent fiscal year. Since its initial public offering in 1986, Airgas has delivered a total return to shareholders that is among the highest in the S&P 500 index.
“Few people can found a company, help propel it for three decades and turn it into a consistent top performer in its class,” said George Rodriguez, chairman of CM&E, board member of ACS NY Section and director at Argeni. “Mr. McCausland is a pioneer who has remained undaunted when faced with challenging market shifts. His passion for creating an environment focused on customers, strengthening operational efficiencies and helping society through his foundation constitutes an exemplary pillar for the chemical industry.”
“The CM&E group of the American Chemical Society provides a strong foundation for professional networking and science education, which is fundamental for future generations,” McCausland said. “I am honored to receive this lifetime achievement award and would like to express my profound gratitude to the CM&E group for this recognition and to the more than 15,000 Airgas associates who work tirelessly to bring value to our customers every day.”