Airgas to Acquire Texas-based Aeriform Corp.
Industrial gases distributor Airgas, Inc., Radnor, PA, has agreed to acquire Houston, TX-based Aeriform Corp., an independent distributor with 29 locations in Texas, Louisiana, Oklahoma and Kansas.
Aeriform has 240 employees and annual sales of $65 million. About 58% of its revenue comes from gas & rent, with the balance from traditional welding hardgoods.
"This will be a great fit with our core business operations along the Gulf Coast and the Mid South," said Airgas Chairman and CEO Peter McCausland. "The added resources will improve our coverage and help us efficiently deliver better service to customers in this key energy market."
Airgas will integrate most of the operations ...