RADNOR, Pa. - Airgas Inc. announced it has completed the acquisition of the Atlanta-based Industrial Products Division of LaRoche Industries. The acquired operations will form a new business unit, Airgas Specialty Products.
The business, which includes a nationwide distribution system of 24 locations and more than 100 delivery vehicles, generated about $65 million in revenues in 2004 and employs more than 130 people. Airgas first announced its intent to acquire LaRoche's business on April 26, 2005. The acquisition is expected to be accretive in the first year.