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Airgas Inc., Radnor, PA, an Air Liquide company and supplier of industrial, medical and specialty gases, said it will acquire TA Corporate Holdings, Inc. (Tech Air), an independent distributor of industrial gases and welding supplies. Terms of the deal were not disclosed.
Tech Air is owned by CI Capital Partners, a New York-based private firm, and Tech Air management. The company serves 45,000 customers from 50 locations in California, Texas, the Northeast and Southeast, and has roughly 550 employees and $190 million in sales.
The deal, which is expected to close this year, expands Airgas’ distribution network in the United States, the company said.