RADNOR, Pennsylvania, May 1, 1998 -- Airgas, Inc. (NYSE-ARG) announced today that it has completed the acquisition of Abel Carbonic Products, Inc., a manufacturer and distributor of dry ice in California with annual sales of approximately $9 million. The company has manufacturing operations in Torrance and Richmond with branch locations in Sacramento, San Jose, and South San Francisco. The company will be combined with Airgas Dry Ice.
Since April 1, 1997, Airgas has completed the acquisition of distributors with annual sales totaling $274 million, including 21 industrial gas distributors with sales of approximately $77 million, two industrial product distributors with sales of $106 million and seven carbon dioxide distributors with sales of $91 million. Currently, the Airgas distributor network includes approximately 700 locations in 42 states, Canada and Mexico. Airgas is the largest distributor of industrial, medical and specialty gases and related equipment in North America. Airgas can be visited via the Internet at http://www.airgas.com.