Printer Friendly

AIRGAS, INC. ACQUIRES INDUSTRIAL GAS DISTRIBUTOR

 WILMINGTON, Del., Sept. 2 /PRNewswire/ -- Airgas, Inc. (NYSE: ARG) announced today it has completed the acquisition of the assets of Phoenix Distributors Northeast Group, Inc., of Auburn, Mass., a wholly owned subsidiary of Phoenix Distributors, Inc.
 The company, a distributor of industrial, medical, and specialty gases and related equipment, operates out of eight locations in Massachusetts, New Hampshire and Vermont and has annual sales of approximately $10.5 million. The company will operate as part of Northeast Airgas.
 Peter McCausland, chairman and chief executive officer, said, "Phoenix Northeast will be a great compliment to our existing operations, adding some new markets for Airgas, and we are very pleased with this acquisition."
 Airgas, Inc., has purchased seven distributors since April 1, 1993, with sales of approximately $65 million.
 Currently, the Airgas distributor network includes more than 300 locations in 36 states and Canada. Airgas, Inc. is the largest distributor of industrial, medical and specialty gases and related equipment in the United States with annual sales in excess of $500 million.
 /delval/
 -0- 9/2/93
 /CONTACT: Britton H. Murdoch or Gordon L. Keen Jr., 215-687-5253, both of Airgas/
 (ARG)


CO: Airgas, Inc.; Phoenix Distributors Northeast Group, Inc.;
 Phoenix Distributors, Inc. ST: Delaware, Massachusetts IN: SU: TNM


JM -- PH026 -- 8592 09/02/93 17:07 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 2, 1993
Words:214
Previous Article:LOCAL BURSON-MARSTELLER OFFICE HAILS SALINGER APPOINTMENT
Next Article:EQUIFAX CHECK SERVICES REPORTS CHECK SPENDING DOWN IN AUGUST
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters