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In The News:

2017 Top 40 Industrial Distributors

03. Airgas - Top Industrial Distributors

Company Profile

airgas, an air liquide co

Contact Information

About

Headquarters: Radnor, PA
2016 Revenues: $7 billion
Change in Sales from 2015: 32%
Employees: 17,000
Locations: 1,100
Key Executives: Michael Molinini, president & CEO; Robert McLaughlin, senior vice president & CFO

In 2016, Air Liquide closed its $10.3 billion acquisition of Radnor, PA-based Airgas, marking a major entry into the U.S. market for the France-based gases company. Prior to the acquisition, Air Liquide had minimal exposure in the U.S.  And to satisfy anti-trust conditions of the acquisition, Air Liquide sold many of those U.S. assets to Matheson Tri-Gas Inc.

A notable side effect of the acquisition: the historically acquisitive Airgas made far fewer deals in the second half of the year – a trend that did not go unnoticed by respondents to the first-quarter MDM-Baird Distribution Survey. Whether activity remains muted going forward, however, remains to be seen.

 
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