Airgas
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| Type | Public (NYSE: ARG) S&P 500 Component |
|---|---|
| Industry | Gas |
| Founded | 1982 |
| Founder(s) | Peter McCausland |
| Headquarters | Radnor Township, Pennsylvania |
| Area served | North America |
| Key people | Peter McCausland (Chairman of the Board) (CEO) & (President) |
| Revenue |  US$3.86 Billion (FY 2010)[1] |
| Operating income | US$402 Million (FY 2010)[1] |
| Net income | US$196 Million (FY 2010)[1] |
| Total assets | US$4.50 Billion (FY 2010)[2] |
| Total equity | US$1.80 Billion (FY 2010)[2] |
| Employees | ~15,000 - 2009 |
| Website | Airgas.com |
Airgas, Inc. (NYSE: ARG), headquartered in Radnor Township, Pennsylvania, through its subsidiaries, is the largest U.S. distributor of industrial, medical and specialty gases (delivered in packaged or cylinder form), and hardgoods (welding, safety and related products).
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[edit] Business Activities
Airgas is also the third-largest U.S. distributor of safety products, the largest U.S. producer of nitrous oxide and dry ice, and the largest supplier of liquid carbon dioxide in the Southeastern United States. The company is also a distributor of process chemicals, refrigerants and ammonia products.
Most of its 11,000 employees work in 11 regional companies to serve a diversified customer base. Its integrated network of about 1,100 locations includes branches, cylinder fill plants, production facilities, specialty gas laboratories, and regional distribution centers. Airgas markets through multiple channels, including its own branches and outside sales force, a Strategic Accounts Team focused on large customers, distributors and resellers, telesales, catalog and eBusiness channels.
[edit] History
Airgas Chairman and Chief Executive Officer Peter McCausland founded the company in 1982. Through more than 320 acquisitions and internal growth, Airgas built the largest national distribution network in the packaged gas industry.
On the 8th of September 2009 Airgas replaced Cooper Industries in the S&P500 index.
In October 2009, John McGlad, the President and Chief Executive Officer of Air Products, a competing concern, privately asked McCausland whether he'd be interested in merging the two companies. McCausland rejected the idea.
In February 2010, Air Products initiated a public tender offer for Airgas. The offer was extended, and the price increased, throughout the subsequent year.
Air Products abandoned the effort on February 15, 2011, after a decision by the Delaware Chancery Court that upheld Airgas's extensive use of a "poison pill" defense.
[edit] References
- ^ a b c Airgas (ARG) annual SEC income statement filing via Wikinvest
- ^ a b Airgas (ARG) annual SEC balance sheet filing via Wikinvest
[edit] External links
- Google Finance profile
- Airgas Ammonia and Specialty Products website
- Airgas Refrigerants website
- Airgas Welder Rentals website
- Airgas Dry Ice website, part of Airgas.com
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