Airgas, Inc., Radnor, PA,   ; has agreed to buy a significant part of the U.S. packaged gas business of Linde AG for $310 million in cash.
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The operations to be acquired include branches, warehouses, packaged gas fill plants, and other operations involved in distributing packaged industrial and specialty gases and related equipment. The business includes 130 locations in 18 states, with more than 1,400 employees, which generated $346 million in revenues and $36 million in EBITDA in the year ended Dec. 31, 2006.  ; About 50% of the revenues were from gas sales and cylinder rent, with the remainder from sales of welding equipment and supplies.
  ;
The proposed acquisition would be positive for customers, associates, and shareholders,” said Airgas Chairman …
Airgas to Buy Large Part of Linde’s Packaged Gas Business
Airgas, Inc., Radnor, PA,   ; has agreed to buy a significant part of the U.S. packaged gas business of Linde AG for $310 million in cash.
  ;
The operations to be acquired include branches, warehouses, packaged gas fill plants, and other operations involved in distributing packaged industrial and specialty gases and related equipment. The business includes 130 locations in 18 states, with more than 1,400 employees, which generated $346 million in revenues and $36 million in EBITDA in the year ended Dec. 31, 2006.  ; About 50% of the revenues were from gas sales and cylinder rent, with the remainder from sales of welding equipment and supplies.
  ;
The proposed acquisition would be positive for customers, associates, and shareholders,” said Airgas Chairman …
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