M&A Deal Summary

Airgas Acquires Joyce Welding Supply

On February 3, 1998, Airgas acquired distribution company Joyce Welding Supply

Acquisition Highlights
  • This is Airgas’ 5th transaction in the Distribution sector.
  • This is Airgas’ 5th transaction in the United States.
  • This is Airgas’ 1st transaction in Kentucky.

M&A Deal Summary

Date 1998-02-03
Target Joyce Welding Supply
Sector Distribution
Buyer(s) Airgas
Deal Type Add-on Acquisition

Target

Joyce Welding Supply

Murray, Kentucky, United States
Joyce Welding Supply is a distributors of industrial, medical and specialty gases and related equipment and supplies.

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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 5 of 74
Sector (Distribution) 5 of 56
Type (Add-on Acquisition) 5 of 73
State (Kentucky) 1 of 2
Country (United States) 5 of 72
Year (1998) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-03 Hoprich Company

Evansville, Indiana, United States

Hoprich Company, Inc. is an independent distributor of industrial, specialty and medical gases and related equipment and supplies in Indiana and Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-23 Con-Gas

Arlington, Texas, United States

Dry Ice, Inc. is a manufacturer and distributor of liquid carbon dioxide and dry ice.

Buy -