Airgas Acquires Welding Supply House, Inc.; Adds Lafayette, LA branch to Airgas Gulf States.RADNOR, Pa. -- Airgas, Inc. (NYSE NYSE See: New York Stock Exchange :ARG See argument. arg - argument ) today announced that it has acquired the assets and operations of Welding Supply House, Inc., including a branch, warehouse and fill plant located in Lafayette, LA. The assets acquired, which generated nearly $3 million in annual sales in 2003, have been integrated into Airgas Gulf States, one of 13 regional companies that make up Airgas. Airgas Gulf States has offered employment to Welding Supply House's employees, including Bill Delcambre, the second-generation owner of Welding Supply House, who has been appointed area sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → for Lafayette and New Iberia New Iberia, city (1990 pop. 31,828), seat of Iberia parish, S La., on Bayou Teche, which is connected to the Intracoastal Waterway by a canal; inc. 1836. It has printing and publishing, and its manufactures include oil- and gas-drilling equipment, fabricated steel, . Airgas Gulf States has branches in New Iberia and Jennings, which are among nearly 30 branches in its region, spanning the Florida panhandle, south Alabama, south Mississippi, south Louisiana and southeast Texas along the Gulf Coast. "We are delighted to welcome Bill and the Welding Supply House team to Airgas," said Rusty Coker, president of Airgas Gulf States, which is based in Theodore, AL. "Bill is well respected in his community and he and the other associates in Lafayette will be a great help in serving the needs of our customers in this area." About Airgas, Inc. Airgas, Inc. (NYSE:ARG) is the largest U.S. distributor of industrial, medical and specialty gases, welding, safety and related products. Its integrated network of about 900 locations includes branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also distributes 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 www.airgas.com. Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 or by the Securities and Exchange Commission in its rules, regulations and releases. These statements include, but are not limited to, statements regarding: the Company's plans to integrate the assets and operations of Welding Supply House, Inc. (WSH See Windows Script Host. ), the employment of Welding Supply House's former employees and that the expectation that the business will help serve the needs of Airgas' customers. Airgas intends that such forward-looking statements be subject to the safe harbors created thereby. All forward-looking statements are based on current expectations regarding important risk factors and should not be regarded as a representation by the Company or any other person that the results expressed therein will be achieved. Important factors that could cause actual results to differ materially from those contained in any forward-looking statement include the inability to successfully integrate the Welding Supply House operations; the Company's inability to retain the former WSH employees; customer acceptance of the Company's products; and other factors described in the Company's reports, including Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. dated March 31, 2004 and Form 10-Q Form 10-Q See 10-Q. dated June 30, 2004 filed by the Company with the Securities and Exchange Commission. |
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