Airgas To Sell Rutland Tool

Radnor, PA-based welding gasses and equipment conglomerate Airgas (NYSE: ARG) has reached a definitive agreement to sell the assets and operations of $47 million Whittier, CA-based Rutland Tool & Supply Co. The buyer is Des Plaines, IL-based Lawson Products, a manufacturer/distributor to the maintenance, repair, and operations (MRO) marketplace.

The deal is expected to close Dec. 1, subject to closing conditions. Proceeds of the sale will be approximately $15 million. Rutland Tool, which distributes metalworking tools, machine parts, and MRO supplies from seven locations and has about 180 employees.

Rutland Tool will accelerate Lawson’s growth strategy by expanding its product lines into the machine tool industry, and building its presence in Western markets, the company said in a statement.

According to spokesperson Jim Ely, the sale of Rutland leaves Airgas with the Airgas Safety Products, Radnor Safety Products, and Airgas Specialty Gasses and Equipment catalogs. All of the remaining titles support the company’s multichannel businesss, Ely says.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.