6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Headquarters: Radnor, PA
2009 Revenues: $4.3 billion
Change in Sales from 2008: 8.3%
Key Executives: CEO Peter McCausland; COO Michael Molinini; CFO Robert McLaughlin; CIO Robert Dougherty; General Counsel Robert Young Jr.; SVP HR Dwight Wilson; SVP Corporate Development Leslie Graff
The distributor of welding gases and equipment continues its own strategy of growth by acquisition in 2009, but with much fewer acquisitions than in years' past. Airgas has recently become the target of a hostile takeover attempt by Air Products and Chemicals Inc., which it continues to rebuff, saying the proposal "grossly undervalues" the gases distributor. In an announcement encouraging shareholders not to tender their shares, CEO Peter McCausland said in February: "The Airgas Board of Directors is unanimous in its belief that the Air Products offer significantly undervalues Airgas and fails to reflect the value of our industry-leading position and future growth prospects."
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