6.03.2005

Airgas wraps up deal for Welding Hardgoods Company, Kanox

From the Philadelphia Business Journal...

Airgas Inc. completed its planned acquisition of Kanox Inc., a Kansas distributor of packaged gases and welding hardgoods.

Airgas first announced its intent to acquire Kanox on March 21. It completed the purchase of all outstanding stock from private shareholders and Airgas (NYSE: ARG) has begun to operate the business through two of its regional companies as of today.

The acquired business employed about 120 people and generated about $23 million in revenues last year.

Airgas Mid-South is responsible for six Kanox locations in the Kansas cities of Hutchinson, Wichita, Dodge City, Garden City and Salina and El Reno, Okla., outside Oklahoma City. Three branches in Denver, Colorado Springs, Colo., and Pueblo, Colo., were integrated into Airgas' intermountain division.

Airgas, headquartered in Radnor, Pa., is the largest U.S. distributor of industrial, medical and specialty gases, welding, safety and related products.

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