Airgas acquires two companies
Airgas, Inc. has acquired Oxygen Service Company, Inc., headquartered in Macon, GA with four other locations in central and southern Georgia. In a separate transaction, it also acquired Alabama Cylinder Gas, Enterprise, AL. The six locations, which had more than $7 million in annual sales during the past year, have been integrated into Airgas South, one of the 13 regional companies within Airgas.
“We are delighted to welcome about 35 Oxygen Service associates to the Airgas South team,” said Jay Sullivan, president of Airgas South, headquartered in Kennesaw, GA. “Duell Stone, president and CEO of Oxygen Service, has built a strong, customer-focused company over the past dozen years and we are pleased that he and the other owners have decided to sell to Airgas.”
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey