Airgas recently announced it has completed the acquisition of the U.S. packaged gas business of BOC Group for about $175 million cash, plus up to $25 million to be paid on or about November 15, 2005.
About $7 million of the purchase price was paid by National Welders Supply Company, a joint venture between Airgas and the Turner family of Charlotte.
The acquisition was first announced as a letter of intent on January 27, 2004, with an asset purchase agreement announced on April 2, 2004.
Since announcing this landmark acquisition earlier this year, teams of people at both Airgas and BOC have worked to make this transition a smooth one for customers and employees,
The acquisition includes more than 120 retail stores, warehouses, fill plants and other operations in 21 states involved in distributing packaged industrial, specialty and medical gases, as well as welding equipment and supplies.
