Airgas, Inc. : Praxair Canada Acquires Five Airgas Branch Locations
06/01/2012| 06:38pm US/Eastern
259 N. Radnor-Chester Road, Suite 100
Radnor, PA 19087-5283
39 Old Ridgebury Road
Danbury, CT 06810
Doug Sherman (610) 902-6270
Barry Strzelec (610) 902-6256
Jacqueline Hunt (203) 837-2663
Investor Contact:Kelcey Hoyt (203) 837-2118
RADNOR, PA and DANBURY, CT - June 1, 2012 - Airgas, Inc.
(NYSE: ARG) and Praxair, Inc. (NYSE: PX) announce the
acquisition by Praxair Canada Inc. of the assets and
operations of five Airgas branch locations in western Canada,
including Calgary, Red Deer, and Edmonton, Alberta, and
Regina and Saskatoon, Saskatchewan. Financial terms of the
transaction were not disclosed.
"We thank our former employees for their years of hard work
and commitment to excellence under the Airgas brand and wish
them continued success in servicing the medical homecare and
industrial markets in Alberta and Saskatchewan for Praxair,"
said Edward Richards, North Pacific Region President of
Airgas. "This strategic divestiture enables us to redeploy
capital resources to our core business in British Columbia,
where we look forward to serving our loyal customers for
years to come."
"This acquisition supports our growth strategy in western
Canada and enables us to better serve our existing customers
and home oxygen clients in Alberta and Saskatchewan," said
Matt White, president of Praxair Canada Inc. "The new
employees are a welcome addition to our team."
- more -
Airgas and Praxair Press Release, Page 2.
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 a leading
U.S. producer of atmospheric gases, carbon dioxide, dry ice,
and nitrous oxide, one of the largest U.S. distributors of
safety products, and a leading U.S. distributor of
refrigerants, ammonia products, and process chemicals. More
than 15,000 employees work in approximately 1,100 locations,
including branches, retail stores, gas fill plants, specialty
gas labs, production facilities and distribution centers.
Airgas also markets 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
About Praxair, Inc.
Praxair, Inc. (NYSE: PX) is the largest industrial gases
company in North and South America
and one of the largest worldwide, with 2011 sales of $11
billion. The company produces, sells and distributes
atmospheric and process gases and high-performance surface
coatings. Praxair products, services and technologies are
making our planet more productive by bringing efficiency and
environmental benefits to a wide variety of industries,
including aerospace, chemicals, food and beverage,
electronics, energy, healthcare, manufacturing, metals and
others. More information on Praxair is available on the
Internet at www.praxair.com.
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