M&A Deal Summary

Airgas Acquires BOC Packaged Gas Business

On April 2, 2004, Airgas acquired distribution company BOC Packaged Gas Business from The BOC Group for 200M USD

Acquisition Highlights
  • This is Airgas’ 20th transaction in the Distribution sector.
  • This is Airgas’ 2nd largest (disclosed) transaction.
  • This is Airgas’ 22nd transaction in the United States.

M&A Deal Summary

Date 2004-04-02
Target BOC Packaged Gas Business
Sector Distribution
Buyer(s) Airgas
Sellers(s) The BOC Group
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

BOC Packaged Gas Business

United States
The BOC Packaged Gas Business has 120 locations in 21 states, including retail stores, warehouses, fill plants and other operations. The Business distributes packaged industrial, specialty and medical gases, as well as welding equipment and supplies.

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Buyer(S) 1

Buyer

Airgas

Radnor, Pennsylvania, United States

website


Category Company
Founded 1982
Sector Chemicals
Employees17,000
Revenue 5.3B USD (2016)
DESCRIPTION
Airgas distribution facility in Duluth, Minnesota.
Airgas distribution facility in Duluth, Minnesota.

Airgas is a supplier of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products. Airgas produces atmospheric gases with 16 air separation plants, carbon dioxide, dry ice, and nitrous oxide, as well as supplies safety products, and refrigerants, ammonia products, and process chemicals. Approximately 17,000 associates work in more than 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also markets its products and services through e-Business, catalog and telesales channels.


DEAL STATS #
Overall 22 of 74
Sector (Distribution) 20 of 56
Type (Add-on Acquisition) 22 of 73
Country (United States) 22 of 72
Year (2004) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-31 Interstate Welding Sales

Wisconsin, United States

Interstate Welding Sales Corp. is a distributor of welding equipment supplies; industrial, specialty and medical gases and fire protection systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 Rutland Tool & Supply

Whittier,, California, United States

Rutland Tool & Supply Co., Inc.markets and distributes a broad range of industrial tools, cutting tools, abrasives, machinery, precision instrument supplies, safety products and other MRO related supplies to over 20,000 customers.

Sell $15M

Seller(S) 1

SELLER

The BOC Group

Guildford, United Kingdom

Category Company
Sector Chemicals
Employees30,000
Revenue 4.6B GBP (2004)
DESCRIPTION

The BOC Group is a multinational industrial gas company. It was formed in 1886 is based in Guildford, England.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1