Airgas acquires Metroplex Service Welding and Excel Welding & Industrial Airgas announced that it has acquired the assets and operations of two industrial gas and welding supply distributors with combined annual revenues of more than $30M. Financial terms of the transactions were not disclosed. Effective December 31 Airgas USA acquired the assets and operations of Metroplex Service Welding Supply and effective December 31 Airgas USA Excel Welding & Industrial Supplies.
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Airgas reiterates FY15 EPS view $5.00-$5.20, consensus $5.10 Full year guidance includes a negative $0.11 to $0.16 per diluted share year-over-year impact from variable compensation reset following a below-budget year in fiscal 2014. The Company currently expects the contribution from its refrigerants business to year-over-year earnings per diluted share growth in fiscal 2015 to be slightly favorable.