AIRGAS, INC. ENTERS AGREEMENT TO ACQUIRE BROWN WELDING SUPPLY.RADNOR, Pa.--(BUSINESS WIRE)--June 21, 1999-- Airgas, Inc, (NYSE NYSE See: New York Stock Exchange :ARG See argument. arg - argument ) announced today that it has entered into an agreement to acquire the business of Brown Welding Supply, L.L.C. of Salina, Kansas Salina is a city in and the county seat of Saline County, Kansas, United States.GR6 First settled by Preston B. Plum in 1856 along the Saline and Smoky Hill Rivers, and founded by William A. . This transaction is expected to be completed in July, 1999. Brown Welding Supply is headquartered in Salina, Kansas with branches in Wichita, Kansas
Wichita, also known as the Air Capital of the World, is the largest city in the U.S. state of Kansas, as well as a major aircraft manufacturing hub and cultural center. , Ponca City, Oklahoma Ponca City is a city located in north central Oklahoma, 18 miles south of the Kansas border and 15 miles east of Interstate 35. The population was 25,596[1] at the 2000 census. Ponca City is the most populous city in Kay County. , and Independence, Missouri. The company is an independent distributor of industrial, medical and specialty gases and related equipment with annual sales of approximately $15 million. The business will be merged into Airgas' distribution segment. Peter McCausland, Airgas' chairman and chief executive officer, commented "I am excited by the acquisition of Brown Welding Supply as the transaction strengthens our presence in the Midwest and reaffirms our continued focus on our core distribution business." Airgas is the largest distributor of industrial, medical and specialty gases and related equipment and the third largest distributor of safety products in the United States. Airgas' integrated distributor network consists of more than 700 locations, including branches, distribution centers, and inbound and outbound telemarketing operations. Airgas can be visited via the Internet at www.airgas.com. |
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