Jay Worley, formerly in investor relations, will take the new post.
Latest In Gases & Welding Equipment
Sale includes operations in Belgium, Germany, France, Portugal and Spain.
Texas Welders Supply Company has four locations in the Houston area.
Rising raw material, energy, electricity, and labor and benefit costs are driving the higher prices.
Same-store sales grew 10 percent in the quarter for the distributor of industrial and specialty gases.
Praxair reported double-digit sales growth in all geographic regions.
Improvements for the quarter driven by growth in emerging markets, performance of tonnage gases business.
New leaders tapped for Airgas Refrigerants and Airgas Specialty Products.
Airgas South is comprised of 110 locations serving customers in Georgia, Florida, Alabama, eastern Mississippi and southern Tennessee.
Same-store sales for the distributor of industrial, medical and specialty gases increased 9 percent.
Sales for the industrial gases company increased across all geographic regions.
Profit attributable to the gases manufacturer improved 29%.
Airgas CEO Peter McCausland talks to MDM about the acquisition attempt.
Radnor, PA-based Airgas, No. 4 on MDMs Top 40 Industrial Distributors list, spent most of 2010 fending off a hostile takeover bid from manufacturer Air Products, Lehigh Valley, PA. Airgas President and CEO Peter McCausland recently spoke with Associate Editor Jenel Stelton-Holtmeier about the key drivers of growth in 2010, goals for the company now that Air Products has withdrawn its bid, and the growing role of technology in sales.
MDM: Last year seems to have been a pretty good year for Airgas, even with the need to fend off the bid from Air Products. What were the key drivers for growth in 2010?
Peter McCausland: I suppose you’re talking about our fiscal year 2011 that ended this past March 31, since that’s mostly calendar 2010. And it was a pretty good year.
I think the real driver was a resurgence in the U.S. economy, especially among manufacturers. It started with large manufacturers, and toward the end of our fiscal year we saw the recovery begin to spread.
Energy companies and energy markets were showing…
Poly-Flow Engineering manufactures equipment for advanced chemical delivery and precision cleaning for semiconductor manufacturers.
2011 MDM Market Leaders: Top Gases/Welding Equipment Distributors
Three key trends in gases/welding equipment distribution and moves made by the largest distributors in the past year. Log-in below or at the top left of this website to access this article.
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Airgas also announced two related leadership appointments for distribution operations and gases production.
Quimby’s four locations in Oregon and Washington will become part of the Matheson Packaged Division.
