Airgas Enhances Equipment Rental and Service Offering with Acquisition of Texas-Based D&D Power, LLC

Thu Dec 27, 2012 4:05pm EST

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RADNOR, Pa.--(Business Wire)--
Airgas, Inc. (NYSE: ARG), the largest U.S. supplier of industrial, medical, and
specialty gases, and related products, today announced that Red-D-Arc, Inc., an
Airgas company, has acquired D&D Power, LLC, a Texas-based equipment rental and
services business which provides mobile power generation and light towers, as
well as preventative maintenance and other services, to the oil and gas
exploration and production industry. D&D Power generated annualized revenues of
approximately $25 million in calendar year 2012. 

"We`re very excited about the addition of D&D Power`s rental equipment and
services business to Airgas` integrated product and service offering," said
Airgas President and CEO Michael Molinini. "When combined with Red-D-Arc`s
rental welder business and Airgas On-Site Safety Services, and complemented by
the full breadth of Airgas` gases and hardgoods products, services, and
expertise, our value proposition to customers in oilfield services,
construction, and other energy-related markets has never been stronger.
Red-D-Arc welcomes 53 D&D employees in La Vernia, Decatur, and Big Lake, Texas,
and Jal, New Mexico to the Airgas family. " 

"All of us at D&D Power are pleased that the legacy we started will continue and
grow with Red-D-Arc and Airgas," said D&D Power CEO Pam Huffman. "Red-D-Arc
played a key role in helping us grow our business. Now customers will have all
the resources of Red-D-Arc and Airgas in addition to what D&D Power provided." 

About Airgas, Inc.

Airgas, Inc. (NYSE: ARG), through its subsidiaries, is one of the nation's
leading suppliers of industrial, medical and specialty gases, and hardgoods,
such as welding equipment and related products. Airgas is a leading U.S.
producer of atmospheric gases with 16 air separation plants, a leading producer
of carbon dioxide, dry ice, and nitrous oxide, one of the largest U.S. suppliers
of safety products, and a leading U.S. supplier of refrigerants, ammonia
products, and process chemicals. More than 15,000 employees work in
approximately 1,100 locations, including branches, retail stores, gas fill
plants, specialty gas labs, production facilities and distribution centers.
Airgas also markets its products and services through eBusiness, catalog and
telesales channels. Its national scale and strong local presence offer a
competitive edge to its diversified customer base. For more information, please
visit www.airgas.com.

Airgas, Inc.
Media Contact:
Doug Sherman, 610-902-6270
doug.sherman@airgas.com
or
Investor Contact:
Barry Strzelec, 610-902-6256
barry.strzelec@airgas.com



Copyright Business Wire 2012
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