Airgas – No. 8 on Industrial Distribution's 2014 Big 50 List – on Tuesday announced is has acquired Muscle Shoals, AL-based Valley Air Supply, Inc., an industrial gas and welding supply distributor that had more than $10 million in sales in fiscal 2014. Financial terms of the deal were not disclosed.
Valley Air Supply has four locations: Muscle Shoals, AL; Decatur, AL; Jasper, AL; and Jackson, TN. Those four sites and more than 30 associates joined Airgas effective late April 2015.
“The acquisition of Valley Air Supply’s associates and locations into Airgas via our South Region will help to strengthen our position in this important area of the country,” said Kevin McBride, Airgas President – South Region. “We look forward to continuing to offer the excellent service that Valley Air Supply’s customers have come to expect and are proud to welcome Valley Air Supply’s associates into the Airgas family.”
“Valley Air Supply has come to know and appreciate Airgas’ customer-centric and safety-focused culture,” said Gregg Posey, President of Valley Air Supply. “We feel that this culture is an excellent match for Valley Air’s associates and look forward to continuing to serve our customers as a part of Airgas.”
The acquisition is Airgas' third since the start of its fiscal 2016 that began on April 1. The first two included Liberty Welding Supply (Vancouver, WA), and eKipro Rentals and Grupo Industrial Daymaga in Mexico.