Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Airgas Buys Assets And Operations Of Industrial Welding Supplies Of Hattiesburg

RELATED NEWS
Trade ARG now with 

Airgas Inc. (ARG: Quote) 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.

Click here to receive FREE breaking news email alerts for Airgas Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Following the lackluster performance seen during the previous session, stocks may move to the downside in early trading on Tuesday. The major index futures are currently pointing to a moderately lower open for the markets, with the Dow futures down by 33 points. Germany's investor confidence weakened to a level last seen in late 2012 amid concerns that the rising geopolitical tensions are hurting the European economy, data from the Centre for European Economic Research/ZEW showed Tuesday. The ZEW economic sentiment index fell to 6.9 in September from 8.6 in August. The index has been falling since last January and matched the score seen in December 2012. U.K. inflation slowed marginally as expected in August on falls in prices of motor fuels and food, data from the Office for National Statistics revealed Tuesday. Factory-gate prices declined for the second straight month indicating benign inflationary pressures in the pipeline. Consumer prices rose 1.5 percent year-on-year in August, slower than the 1.6 percent rise in July.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.