M&A Deal Summary

Airgas Acquires Interstate Welding Sales

On March 31, 2004, Airgas acquired distribution company Interstate Welding Sales

Acquisition Highlights
  • This is Airgas’ 19th transaction in the Distribution sector.
  • This is Airgas’ 21st transaction in the United States.
  • This is Airgas’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2004-03-31
Target Interstate Welding Sales
Sector Distribution
Buyer(s) Airgas
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Airgas

Radnor, Pennsylvania, United States

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 21 of 74
Sector (Distribution) 19 of 56
Type (Add-on Acquisition) 21 of 73
State (Wisconsin) 1 of 2
Country (United States) 21 of 72
Year (2004) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-27 Littell Industries

North Hollywood, California, United States

Littell Industries, Inc. is a distributor of medical gas, equipment and piping installations for the medical, dental and veterinary professions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-02 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.

Buy $200M