06 June 2008 16:35 [Source: ICIS news]
Oilind employed over 200 people in 16 locations, primarily in the western US, with revenues of $21m (€13m) last year, Airgas said.
Financial terms were not disclosed.
Airgas expected to complete the acquisition by 1 July, it said.
Oilind would operate as a stand-alone company within Airgas’ construction and rental businesses, it said.
Oilind president Kirk Peda would report to Jack Appolonia who had been promoted to vice president of Airgas’ construction and rental businesses effective 1 June, it added.
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