Valley National Gases buying Reynolds welding supply...

A bit of welding business related news here...these guys are acquiring quite a collection of welding companies.

From PRWIRE: Valley National Gases Incorporated today announced that it entered into a formal agreement to acquire Reynolds Welding Supply Company, Inc. and its subsidiaries, Welders Supply Company, Inc. and Twin City Oxygen Company, Inc. The Companies are industrial gases and welding supply distributors, with a total of six operating locations, five in South Central Minnesota and one in Southeastern South Dakota. Aggregate annual sales, for all three companies, is approximately $20 million. Valley National Gases' Vice Chairman and Chief Executive Officer William A. Indelicato commented, "We are pleased to have the associates of Reynolds Welding, Welder's Supply and Twin City Oxygen join our Valley family. The Reynolds Companies provide us with the opportunity to participate, with a strong presence, in the states of Minnesota and South Dakota. Although these businesses are not contiguous with Valley's current operations, we believe the size and quality of all three companies provide us with an excellent new base of operations in the upper Midwest."