Pain distributes dry ice and carbon dioxide to a wide range of customers in the Midwest.
Latest In Gases & Welding Equipment
The strongest growth for the industrial gases company came from manufacturing, metals, chemicals and electronics markets.
Second-quarter results include a loss of $4.4 million related to the failed takeover bid of Airgas.
Simonetta takes over for Fred Manley, who has been appointed vice president – technology and services markets.
Following court decision, Air Products said it is moving on to other acquisition opportunities.
The industrial gases company continued expansion in Russia and the Middle East.
Airgas also announces it has made 7 acquisitions in the first nine months of its fiscal year.
Excluding charges related to Air Products’ bid for Airgas, profit increased 17.5 percent.
Air Products and Linde form Hydrochlor to serve electronics industry.
Private equity firm plans to use gases distributor as a platform for more acquisitions.
Conley is a Texas-based distributor to the specialty gas industry.
Airgas board unanimously rejected offer of $70 per share as ‘clearly inadequate.’
Air Products CEO: New bid is ‘best and final offer’ for Airgas.
Ruling: Bylaw amendment ‘materially shortens’ terms of Airgas board members.
Sales for the industrial gases company increased as a result of strong volume growth in all geographic regions.
In a letter to Air Products, the Airgas Board of Directors reiterated its position that Air Products’ current offer for the gases company is ‘grossly inadequate.’
Air Products sales for fiscal year 2010 were up 9 percent.
Airgas will appeal the ruling by Delaware Chancery Court approving passage of the bylaw amendment proposed by Air Products.
But Air Products has said it won’t be offering “anything with a 7 on it.”
