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Airgas Makes Acquisitions in Alabama, Michigan
December 4, 2006
Airgas, Inc., Radnor, PA, has acquired Southern Welding Supply Inc., in northern Alabama, and Alpena Supply Company, Alpena, MI. The two transactions, plus two smaller transactions effective Dec. 1, 2006, bring Airgas' 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, reported $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.
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 revenue.
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.
Two smaller transactions, with total acquired sales of less than $2 million, also closed effective Dec. 1, 2006.
Airgas, Inc. is a U.S. distributor of industrial, medical, and specialty gases, and related hardgoods, such as welding equipment and supplies. Airgas is also a U.S. distributor of safety products, a producer of nitrous oxide and dry ice, a liquid carbon dioxide producer in the Southeast, and a 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.