Airgas, Inc. said Friday that it has signed an agreement to purchase part of Linde AG’s U.S. packaged gas business for $310 million.
The operations that Airgas will acquire include branches, warehouses, packaged gas fill plants, as well as other operations that are involved in the distribution of packaged industrial and specialty gases and related equipment.
Linde’s LifeGas medical gas business, its Spectra Gas and rare and specialty gas business and its Caribbean and Canadian gases business are not included in the agreement.
When the deal closes, Airgas plans to sell 17 of the acquired packaged gas facilities in the Carolinas, southern Virginia and eastern Georgia to National Welders Supply Co. Inc.