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AIRGAS, INC. ACQUIRES INDUSTRIAL GAS DISTRIBUTOR

 WILMINGTON, Del., Feb. 1 /PRNewswire/ -- Airgas, Inc. (NYSE: ARG) today announced the acquisition of Presto Technologies, a distributor of industrial, medical and specialty gases and related equipment. The company operates out of seven locations in Connecticut and Massachusetts and has annual sales in excess of $13 million.
 Peter McCausland, chairman and chief executive officer, commented, "I am particularly pleased with the acquisition of Presto Technologies and the opportunity it affords Airgas to enter new markets in Massachusetts.
 Airgas, Inc. has acquired 14 distributors since April 1, 1992, with sales in excess of $51 million.
 Currently, the Airgas distributor network includes over 260 locations in 33 states and Canada. Airgas, Inc. is the largest distributor of industrial, medical and specialty gases in the United States with annual sales in excess of $425 million.
 /delval/
 -0- 2/1/93
 /CONTACT: Britton H. Murdoch or Steve Kapp of Airgas, 215-687-5253/
 (ARG)


CO: Airgas, Inc.; Presto Technologies ST: Delaware IN: SU: TNM

MJ -- PH025 -- 1361 02/01/93 12:06 EST
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Publication:PR Newswire
Date:Feb 1, 1993
Words:167
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