AIRGAS : Acquires Conley Gas, Ltd., and Two Other Businesses
01/03/2011| 04:35pm US/Eastern
Airgas, Inc. (NYSE: ARG) today announced it has completed the
acquisition of Conley Gas, Ltd. (?Conley?), a supplier of pure gases to
the specialty gas industry. The La Porte, TX-based business purifies,
repackages, and distributes high-purity hydrocarbons such as methane and
ethylene. Conley has additional operations in Stryker, OH, has 10
full-time employees and generates annual revenues of about $9 million.
Airgas has consolidated and integrated the Conley business into its
Airgas Specialty Gases business unit. Airgas Specialty Gases operates
eight national labs and supports more than 63 regional labs designed for
the production of high-purity gases, gas mixtures, calibration standards
and medical device gases.
?The Conley product offering is considered unique with respect to
product grade and delivery method,? said Bill Russo, president of Airgas
Specialty Gases. ?They have also built an excellent customer service
model and have an outstanding reputation for safety and reliability. We
are very happy to welcome Conley employees to Airgas, and we are excited
to provide our new customers with access to the most complete offering
of products and services in the industry.?
Conley was started in 1995 by Lee Phillips and served both domestic and
international customers. Conley's international business consisted of
high-purity cryogenic ethylene transported in ISO intermodal shipping
containers and used in liquefied natural gas (LNG) plants around the
world. The company's domestic business primarily focused on selling
methane and ethylene to wholesaler and end-user markets.
In separate transactions, Airgas recently purchased two other businesses
with aggregate annual revenues of $5 million, including a beverage CO2
distributor in Texas and a provider of medical gases, equipment, and
certification services in the Pacific Northwest. Since the beginning of
its fiscal year in April, Airgas has completed seven acquisitions
totaling approximately $20 million in acquired annual revenues.
About Airgas, Inc.
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is the largest U.S.
distributor of industrial, medical, and specialty gases, and hardgoods,
such as welding equipment and supplies. Airgas is also one of the
largest U.S. distributors of safety products, the largest U.S. producer
of nitrous oxide and dry ice, the largest liquid carbon dioxide producer
in the Southeast, and a leading distributor of process chemicals,
refrigerants, and ammonia products. More than 14,000 employees work in
approximately 1,100 locations, including branches, retail stores, gas
fill plants, specialty gas labs, production facilities and distribution
centers. Airgas also distributes its products and services through
eBusiness, catalog and telesales channels. Its national scale and strong
local presence offer a competitive edge to its diversified customer
base. For more information, please visit www.airgas.com.
Barry Strzelec, 610-902-6256
© Business Wire 2011