RADNOR, Pa. - Airgas, Inc., announced Monday its acquisition of the aqua ammonia operations of Continental Nitrogen & Resources (CNR) in Rosemount, Minn.
Terms of the transaction were not disclosed.
The aqua ammonia business, which had revenues of over $2 million in 2006, will be integrated into Airgas Specialty Products, a distributor of ammonia products and services, various process chemicals, and refrigerants. Other operations of CNR were not included.
“This acquisition is inline with our strategy to expand our aqua ammonia business and capabilities and serve our growing customer base across the U.S.,” said Chuck Broadus, president of Airgas Specialty Products, based in Duluth, GA.
Airgas, Inc, a distributor of industrial, medical, and specialty gases, and related hardgoods, such as welding equipment and supplies, has over 11,000 employees in approximately 900 locations in the U.S.