Airgas, Inc.
Airgas Acquires Pain Enterprises, Inc., Based in Bloomington, Indiana
Published in Healthcare Mergers, Acquisitions and Ventures Week, May 28th, 2011
2011 MAY 28 -- Airgas, Inc. (NYSE: ARG) announced it has completed the acquisition of Pain Enterprises, Inc. ("Pain"), a producer and distributor of dry ice and carbon dioxide throughout the Midwestern U.S. The Bloomington, IN-based business serves a wide range of customers, including the food and beverage industry, hospitals, and industrial and chemical manufacturers. With 20 locations and more than 140 employees, Pain generated annual revenues of about $33 million in 2010.
Airgas has integrated the Pain business into its Airgas Carbonic and Airgas Dry Ice operations. Included in the integration are bulk liquid carbon dioxide and dry ice manufacturing...
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