Airgas Inc. (ARG) announced it has acquired the assets and operations of Industrial Welding Supplies of Hattiesburg, LLC, which is doing business as Nordan Smith, a Hattiesburg, MS-based distributor of industrial, medical, and specialty gases and related supplies. The acquired business, with 17 locations throughout Mississippi, Arkansas, and Alabama, generates annual revenues in excess of $30 million.
After a transitional period, six of the acquired locations will be integrated into the Mid South region of Airgas USA, LLC, and eleven will be integrated into the South region, the company said.
The company noted that the Mid South region serves customers in Oklahoma, Arkansas, Kansas, North Texas, Missouri, Northern Louisiana, Western Tennessee, and Northwest Mississippi, while the South region serves customers in Florida, Georgia, Alabama, Mississippi, and Tennessee. The Mid South and South regions are among 12 regions which comprise Airgas' distribution business.
by RTT Staff Writer
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