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Airgas Buys LaRoche Division

Airgas, Inc., Radnor, PA, has signed a non-binding letter of intent to acquire the Atlanta-based Industrial Products Division of LaRoche Industries, a distributor of anhydrous ammonia and related services in the U.S. The business to be acquired generated $65 million in revenues in 2004 and employs 130 people. The acquisition would include a nationwide distribution system of 24 locations and more than 100 delivery vehicles. The acquisition is expected to be accretive in the first year. The LaRoche assets would broaden the Airgas infrastructure to include railcar distribution, also for transportation of other products. Its primary customer base in the utility industry also fits well.

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