Airgas acquires fellow distributor

Dec 03, 2002 10:30 PM  By

The nation’s largest distributor of gases and welding supplies just got a little bigger. On Dec. 2, Radnor, PA-based Airgas acquired Detroit-based Welding Metals, a $10 million distributor of gases and welding supplies. The acquisition includes four locations in the Detroit area.

The acquisition is expected to be accretive to Airgas’ earnings in the first year. Airgas distributes its products and services through the catalog, the Web and telesales.

“Our acquisition program remains a key component of our overall growth strategy, Airgas chairman /CEO Peter McCausland said in a statement. “The acquisition of Welding Metals demonstrates that we will continue to make targeted acquisitions where we can add locations or density to build upon our national footprint and give us stronger market presence to serve our customers.”