Airgas and Heil Trailer International Forge Three-Year National Agreement.Business Editors RADNOR, Pa.--(BUSINESS WIRE)--March 29, 2001 Airgas, Inc. (NYSE NYSE See: New York Stock Exchange :ARG See argument. arg - argument ) has signed a three-year agreement with Heil Trailers International, a Dover Corporation Dover Corporation (NYSE: DOV) is a Fortune 500 and S&P 500 manufacturer of specialized industrial products and equipment within six segments. It was historically best known for its former business of the manufacture of elevators from the late 19th Century through the 1990s. company (NYSE:DOV DOV Data-Over-Voice DOV Degree of Variation DOV Defenders of Valor (gaming group) DOV Disbursing Officer Voucher DOV Director of Orbital Verification (Hubble Telescope) DOV Diaphragm-Operated Valve ), to supply gas and welding products to its plants across the country. The agreement is part of the Airgas Strategic Accounts Program, which serves corporate customers requiring sole-source supply to multiple manufacturing sites across North America. Airgas will be the single-source supplier of cylinder gases, welding supplies, welding wires and rods, safety supplies, and some categories of maintenance supplies to Heil plants in Athens, TN; Lancaster, PA; Louisville, KY; two plants near Fort Worth, TX; and a recently acquired Kalyn/Siebert Trailers plant in Gatesville, TX. "Our agreement with Heil is an example of the strong supplier/buyer relationship we forge with our strategic account customers. By leveraging our national scope, we help them solve their MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. supply challenges in the most cost effective way," said Airgas Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Peter McCausland. "Heil's objective was to combine the buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. for all our domestic locations by establishing national accounts with vendors who can meet our future requirements, help us streamline our buying processes, develop product standardization, and work with us to leverage our buying power with other Dover companies," said Ron Geary, Heil Corporate Buyer MRO. "This is a dynamic, ongoing process that will streamline our purchasing process and reduce supply chain costs. We are pleased to be working with Airgas as part of this process." About Heil: Heil Trailer International is the world leader in tank trailer manufacturing, with corporate headquarters in Chattanooga, TN, and manufacturing and service facilities in North and South America, Asia, and Europe. Heil is the largest and most diversified producer of aluminum, stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. and steel tank trailers for liquid and dry bulk transport in the world. More information on Heil Trailer International can be found on the Heil website at www.heiltrailer.com About Airgas: Airgas, Inc. is the largest distributor of industrial, medical and specialty gases and welding equipment and one of the largest distributors of safety supplies in the United States. Airgas' integrated distributor network consists of approximately 700 locations, including branches, packaged gas fill plants, distribution centers, and inbound and outbound telemarketing operations. For more information on Airgas, please visit www.airgas.com. Forward Looking Statements: This press release contains forward-looking statements about Airgas within the meaning of 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, including statements regarding expected sales from the agreement with Heil Trailer International. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statements include the customer's continued purchases of products from Airgas, a change in economic conditions affecting the customer's ability to continue purchasing products from Airgas, increased competition and pricing factors. These and other risks are detailed from time to time in Airgas' periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its report on 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. for its fiscal year ended March 31, 2000. |
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