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Acquisition of Ravena Welding Supply and Hereford Welding Supply bring Tech Air's acquisition total to 17 since 2011.
Consumer spending and residential fixed investment contributed to increase.
Raw materials price index dropped 5 percent, led by lower prices for crude energy products.
Industrial gases sales in Americas decreased 17 percent in quarter.
Fourth quarter sales were down 2.6 percent year-over-year.
Profit decreased 11.2 percent year-over-year.
