Airgas, Inc. (NYSE: ARG), one of the nation’s leading suppliers of industrial, medical, and specialty gases and related products, today announced that it has acquired the assets and operations of Team Welding, Ltd. d/b/a Technical Alloy & Industrial Gas. Based in Houston, TX, Technical Alloy generated approximately $20 million in sales in calendar year 2013. Financial terms of the transaction were not disclosed.
“The addition of Technical Alloy and its 38 associates to our Gulf Coast region will help to further increase our density and strengthen our competitive position in the greater Houston area. We’re very pleased to welcome our new associates and customers to the Airgas family,” said Les Graff, Airgas Senior Vice President − Corporate Development. “Growth through acquisition remains an important complement to our organic growth story, and we look forward to continuing to enhance our integrated product and service offering to customers through the acquisition of both core and adjacent product and service businesses in the future.”
“We are excited to continue servicing the fabrication industry in and around the Houston area under the Airgas name,” said Greg Sanford, President of Technical Alloy. “The combined expertise and service offerings of Technical Alloy and Airgas will further enhance our position in the rapidly growing Houston area.”
About Airgas, Inc.Airgas, Inc. (NYSE: ARG), through its subsidiaries, is one of the nation’s leading suppliers of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products. Airgas is a leading U.S. producer of atmospheric gases with 16 air separation plants, a leading producer of carbon dioxide, dry ice, and nitrous oxide, one of the largest U.S. suppliers of safety products, and a leading U.S. supplier of refrigerants, ammonia products, and process chemicals. More than 16,000 associates work in approximately 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also markets its products and services through e-Business, 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.
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