Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 6:47 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #23. Airgas — Welding & Therapy Service, Inc.
Acquirer:
Airgas (ARG)
Acquiree:
Welding & Therapy Service, Inc.
Details:
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 Welding & Therapy Service, Inc., an industrial and medical gas and welding supply distributor with five locations in Indiana and Kentucky and annualized revenues of more than $10 million. Financial terms of the transaction were not disclosed.
Airgas is a supplier of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products. Co. is a producer of atmospheric gases, carbon dioxide, dry ice and nitrous oxide, and a supplier of refrigerants, ammonia products and process chemicals. Co. also provides supply chain management services and solutions, and product and process technical support. Co. has two segments: Distribution, which provides a portfolio of related gas and hardgoods products and services to the end customers; and All Other Operations, which consists of six business units which manufacture and/or distribute carbon dioxide, dry ice, nitrous oxide, ammonia and refrigerant gases.
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