March 15, 2014 – Member News

Welding & Therapy Service Sold to Airgas

Airgas acquired Welding & Therapy Service, an industrial and medical gas and welding supply distributor with five locations in Indiana and Kentucky and annualized revenues of more than $10 million. Locations include Louisville, KY, and Bedford, Clarksville, Columbus, and Princeton, IN.  Paul Greiling Jr., president of Welding & Therapy Service, says about the acquisition: “”Airgas’ customer-centric culture, commitment to the packaged gas business, and consistent investment in local strength and service are well-aligned with the core values that have driven our success over the past four decades and make for a great fit for our associates. I believe the quality of service and breadth of product offering available to current and future customers of both companies will be stronger with this combination.”  Since the beginning of its fiscal year, Airgas has acquired 11 businesses with aggregate annual revenues of nearly $82 million.

Chart Facility Ranked in Top 100

Chart Industries’ manufacturing facility in Canton, GA, was ranked #6 in Quality Magazine’s Quality Leadership 100 Survey. The ranking is based on a demonstration of continuous improvement, assessment of internal quality programs, quality training initiatives, the contribution quality makes to profitability and shareholder value, plus registration to international ISO standards. Chart’s Canton facility designs and manufactures pressure vessels, storage tanks, cryogenic freezers and liquid oxygen containers. The results are published in the February 2014 issue.

Matheson Acquires Dry Ice Supplier

Matheson Tri-Gas completed the acquisition of Continental Carbonic Products Inc., an Illinois-based manufacturer and supplier of dry ice and liquid carbon dioxide. The acquired business operates 31 branch locations and 8 production facilities throughout the Midwest, Eastern and Southern United States. “CCPI presents a tremendous opportunity for Matheson by providing a new platform for growth and extension of our product offering,” says Scott Kallman, Matheson president and CEO. The company will operate as a wholly owned subsidiary of Matheson with a separate board of directors. John Funk continues as CCPI president.

Update on Bay Bridge Welds

The non-standard weld connections used to hold road deck sections together on the new eastern span of the Bay Bridge in San Francisco, CA, won’t affect the bridge’s performance during earthquakes, say Caltrans officials. Officials also admitted that there are some “misalignments” on the new span and that Caltrans “in some cases” exceeded an American Welding Society code section that says the vertical gap between two pieces of steel on a bridge can be no more than an eighth of an inch. Read the full story here.

Laredo, Texas, Receives Money for New Welding Equipment

Students in the Laredo Community College welding program will soon be training with new equipment, thanks to a $332,500 grant awarded by the Texas Comptroller of Public Accounts.

LCC was one of only 18 community colleges and technical institutes in the state to receive the Jobs and Education for Texans (JET) grant. Read the full store here.

Airgas Splits North Central Region into Two

Airgas reorganized its North Central distribution region into two separate regions within the company’s North Division.  A redefined North Central region, headquartered in Appleton, WI, and led by Pamela Swanson, will cover northern Wisconsin, the Upper Peninsula of Michigan, Minnesota, Iowa, North Dakota, South Dakota and Nebraska. A new Midwest region, headquartered in the Chicagoland area, will cover northwestern Indiana, northern Illinois and southern Wisconsin, including the Madison and Milwaukee metropolitan areas. Rick Keefer, who served as president of The Encompass Gas Group since its acquisition by Airgas in November 2013, was named president of this new region. “We are optimistic about the long-term prospects for the U.S. manufacturing industry, as structural drivers like the abundant supply of low-cost energy and higher shipping costs from overseas should favor the U.S. for years to come. U.S. manufacturing should also benefit from future growth in the non-residential construction and energy industries,” says Michael L. Molinini, Airgas president and CEO. “We’re positioning our resources in this area of the country to enhance our competitive position and assure that we fully capitalize on these long-term growth prospects in what is already one of the largest industrial gas markets in the U.S.” Shaun Powers, president of Airgas’ North Division, adds, “The North Central region’s annual revenues have nearly quadrupled over the past 10 years, making it one of Airgas’ largest regions by revenue. Covering 8 states and roughly 352,000 square miles, it is also one of our most geographically expansive regions. This reorganization reinforces Airgas’ commitment to an operating model where decisions are made as close to our customers as possible.”