Airgas Acquires Industrial Ammonia Operations of Pacific Diazo Products, Inc.
RADNOR, PA - January 2, 2008 - Airgas, Inc., (NYSE: ARG) today announced it has acquired the assets and operations of Pacific Diazo Products, Inc., (PDP), a distributor of aqua ammonia, anhydrous ammonia, and related products and services. Effective, December 31, 2007, its operations have been integrated into Airgas Specialty Products, a leading national distributor of industrial ammonia products and services, various process chemicals, and refrigerants.
PDP, headquartered in Colton, CA, had more than $9 million in sales in calendar 2006. The acquired operations include a production and distribution facility in nearby Fontana, CA and two distribution locations in southern California and Arizona. Its approximately 20 employees have joined Airgas Specialty Products, which has 24 locations nationwide for distribution of anhydrous ammonia and aqua ammonia products and services and nine locations for distribution of refrigerants.
"PDP's operations will expand our ammonia capabilities on the West Coast," said Chuck Broadus, president of Airgas Specialty Products. "We are also pleased to welcome its co-owners, David Rubenstein and Joseph Ennes III to the Airgas team. David, who has served as PDP's president since 1986, will assist in the transition of the business. Joe will serve as Western Region Sales Manager for our ammonia operations." For More Information Click here.
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