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.
Airgas, Inc. has announced the winners of its 10th annual National Branch of the Year awards, honouring the best of its nearly 900 local branches nationwide based on customer service, safety, and financial performance in fiscal year 2014.
Houston, Texas, based Thigpen Energy has selected Chart for the provision of LNG fueling equipment and supplies – with construction already underway. Earlier this week it was announced that the company’s eastern European outfit, Chart Ferox, was chosen to construct LNG filling station in Poland.
Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.
To find out more about gasworld's advertising opportunities click here.