Airgas has acquired Houston based Technical Alloy & Industrial Gas – which is a company that generated approximately $20m in sales for the calendar year of 2013.
Financial terms of the deal were not disclosed but Airgas chiefs were pleased with the company’s M&A activity.
“The addition of Technical Alloy and its 38 associates to our Gulf Coast region will help to further increase our density and strengthen our competitive position in the greater Houston area. We’re very pleased to welcome our new associates and customers to the Airgas family,” said Les Graff, Airgas Senior Vice President - Corporate Development.
“Growth through acquisition remains an important complement to our organic growth story, and we look forward to continuing to enhance our integrated product and service offering to customers through the acquisition of both core and adjacent product and service businesses in the future.”
“We are excited to continue servicing the fabrication industry in and around the Houston area under the Airgas name,” said Greg Sanford, President of Technical Alloy. “The combined expertise and service offerings of Technical Alloy and Airgas will further enhance our position in the rapidly growing Houston area.”
Growth through acquisition is a key message already this week in the news, with the Airgas announcement coming hot on the heels of Luxfer attempting to secure the acquisition of two businesses in the United States.