Airgas

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Airgas, An Air Liquide Company
Subsidiary of Air Liquide
Industry Gas
Founded 1982; 36 years ago (1982)
Founder Peter McCausland[1]
Headquarters Radnor Township, Pennsylvania, United States
Number of locations
950 retail locations
Area served
North America
Key people
Pascal Vinet
(Airgas CEO)
Andy Cichocki
(Airgas COO)
Number of employees
more than 18,000(January 2018)[2]
Website www.airgas.com

Airgas, an Air Liquide company, is a U.S. supplier of industrial, medical and specialty gases (delivered in packaged or cylinder form), as well as hardgoods and related products; one of the largest U.S. suppliers of safety products; and a leading U.S. supplier of ammonia products and process chemicals.

Headquartered in Radnor Township, Pennsylvania,.

Business Activities[edit]

Airgas delivery truck Dundee, Michigan

Airgas, an Air Liquide company, is a supplier of gases, welding equipment and supplies, and safety products.

With more than one million customers, Airgas sells the following:

  • Industrial, medical and specialty gases
  • Welding equipment and supplies
  • Safety products
  • Atmospheric gases
  • Carbon Dioxide
  • Dry Ice
  • Nitrous Oxide
  • Ammonia
  • Process Chemicals

The company has 18,000 employees in the following industries:

  • Manufacturing and metal fabrication
  • Non-residential construction (energy and infrastructure)
  • Energy and chemicals (upstream, midstream and downstream)
  • Life sciences and healthcare
  • Food, beverage and retail services
  • Materials and power
  • Government, defense and aerospace

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 e-Business channels.

History[edit]

Airgas was founded by Chairman and Chief Executive Officer Peter McCausland in 1982, and became a publicly traded company in 1986. Through more than 450 acquisitions and internal growth, Airgas built the largest national distribution network in the packaged gas industry.[3]

On 8 September 2009, Airgas replaced Cooper Industries in the S&P500 index. In October 2009, John McGlade, 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.[4] The offer was extended, and the price increased, throughout the subsequent year.[5][6][7] Air Products abandoned the effort on February 15, 2011,[8][9] after a decision by the Delaware Chancery Court that upheld Airgas's extensive use of a "poison pill" defense.

In November 2015, Airgas agreed to be acquired by France’s Air Liquide for a total of $13.4 billion.[10] This deal was approved by the Airgas Board of Directors and shareholders. The acquisition was finalized and announced on May 23, 2016 and Airgas is now a wholly owned subsidiary of Air Liquide.[11]

References[edit]

  1. ^ "Airgas Inc. An Air Liquide Company. Company Information". Market Business News. Retrieved May 14, 2015. 
  2. ^ "Airgas Our Company". 
  3. ^ "Airgas, Form SC 14D9,Tender Offer Solicitation, Filing Date Feb 22, 2010". secdatabase.com. Retrieved Jan 1, 2013. 
  4. ^ "Airgas, Form SC TO-C, Tender Offer, Filing Date Feb 5, 2010". secdatabase.com. Retrieved Jan 1, 2013. 
  5. ^ "Airgas, Form SC TO-T/A, Filing Date Jul 8, 2010" (PDF). secdatabase.com. Retrieved Jan 1, 2013. 
  6. ^ "Airgas, Form SC TO-T/A, Filing Date Sep 7, 2010". secdatabase.com. Retrieved Jan 1, 2013. 
  7. ^ "Airgas, Form SC TO-T/A, Filing Date Dec 9, 2010" (PDF). secdatabase.com. Retrieved Jan 1, 2013. 
  8. ^ "Airgas, Form SC TO-T/A, Filing Date Feb 16, 2011". secdatabase.com. Retrieved Jan 1, 2013. 
  9. ^ "Airgas, Form SC 14D9/A, Filing Date Feb 16, 2011". secdatabase.com. Retrieved Jan 1, 2013. 
  10. ^ "France's Air Liquide to buy U.S. peer Airgas in $13.4 billion deal". Reuters. 17 November 2015. 
  11. ^ "Air Liquide completes acquisition of Airgas". airliquide.com. Retrieved Feb 2, 2018.