AIRGAS, INC. Airgas Acquires Valley Air Supply, Inc.
RADNOR, PA - May 12, 2015 - Airgas, Inc. (NYSE: ARG), one of the nation's leading suppliers of industrial, medical, and specialty gases, and related products, today announced that it has acquired the assets and operations of Valley Air Supply, Inc. Headquartered in Muscle Shoals, Alabama, Valley Air Supply is an industrial gas and welding supply distributor that generated more than $10 million in sales in calendar year 2014. Financial terms of the transaction were not disclosed.
Valley Air Supply's four locations in Muscle Shoals, AL; Decatur, AL; Jasper, AL; and Jackson, TN and more than 30 associates joined Airgas effective late April 2015.
"The acquisition of Valley Air Supply's associates and locations into Airgas via our South Region will help to strengthen our position in this important area of the country," said Kevin McBride, Airgas President - South Region. "We look forward to continuing to offer the excellent service that Valley Air Supply's customers have come to expect and are proud to welcome Valley Air Supply's associates into the Airgas family."
"Valley Air Supply has come to know and appreciate Airgas' customer-centric and safety-focused culture," said Gregg Posey, President of Valley Air Supply. "We feel that this culture is an excellent match for Valley Air's associates and look forward to continuing to serve our customers as a part of Airgas."
Valley Air Supply marks Airgas' third acquisition since the beginning of the Company's 2016 fiscal year on April 1, 2015, totaling approximately $31 million in aggregate acquired revenue. Fiscal year to-date acquisitions also include Liberty Welding Supply based in Vancouver, WA and eKipro Rentals and Grupo Industrial Daymaga in Mexico.
About Airgas, Inc.
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is one of the nation's leading suppliers of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products. Airgas is a leading U.S. producer of atmospheric gases with 16 air separation plants, a leading producer of carbon dioxide, dry ice, and nitrous oxide, one of the largest U.S. suppliers of safety products, and a leading U.S. supplier of refrigerants, ammonia products, and process chemicals. Approximately 17,000 associates work in more than 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also markets its products and services through e-Business, catalog and telesales channels. Its national scale and strong local presence offer a competitive edge to its diversified customer base.www.airgas.com.
Investor Contact:
Joseph Marczely
610-263-8277
joseph.marczely@airgas.com
Media Contact:
Sarah Boxler
610-263-8260
sarah.boxler@airgas.com
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