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Slide #76. Airgas — The Encompass Gas Group
The Encompass Gas Group
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 reached a definitive agreement to acquire the assets and operations of The Encompass Gas Group, Inc., headquartered in Rockford, Illinois. With eleven locations and more than 130 employees in Illinois, Wisconsin, and Iowa, Encompass is one of the largest privately-owned suppliers of industrial, medical, and specialty gases and related hardgoods in the U.S., generating approximately $55 million in annual sales in 2012. Terms of the agreement were not disclosed. The transaction is expected to close on November 1, subject to regulatory approval and satisfaction of other customary closing conditions.
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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Hold (1.73 out of 4)
(ranked higher than approx. 60% of all stocks covered)
Based on Zacks ABR data;
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