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Airgas, Inc. Acquires Con-Gas, Inc.

RADNOR, Pennsylvania, February 23, 1998 -- Airgas, Inc. (NYSE-ARG), announced today that it has completed the acquisition of Con-Gas, Inc. (d/b/a Dry Ice, Inc.), a manufacturer and distributor of liquid carbon dioxide and dry ice. The company, with annual sales of approximately $4 million, has its manufacturing operations in La Porte, Texas and has branch locations in Arlington, Texas and Denver, Colorado. The company will be combined with Airgas Dry Ice.

Since the beginning of the Company's fiscal year on April 1, 1997, Airgas has completed the acquisition of distributors with annual sales totaling $265 million, including 21 industrial gas distributors with sales of approximately $77 million, two industrial product distributors with sales of $106 million and six carbon dioxide distributors with sales of $82 million. Currently, the Airgas distributor network includes approximately 700 locations in 44 states, Canada and Mexico. Airgas is the largest distributor of industrial, medical and specialty gases and related equipment in North America.

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