Air Liquide Canada Acquires Alberta-based Arrow Welding & Industrial Supplies Inc.
01/22/2013
Air Liquide Canada, a subsidiary of Air Liquide Group, the world leader in gases for industry, health and the environment, acquired 50% of the shares of Arrow Welding & Industrial Supplies Inc. (Arrow). Following this acquisition, Air Liquide Canada now owns 100% of the share capital of Arrow Welding & Industrial Supplies Inc. Specializing in the distribution of industrial gases and welding equipment, Arrow is a Canadian-owned independent gas and welding products distributor in Alberta, serving Edmonton and outlying areas in Drayton Valley, Whitecourt and Bonnyville. In addition to its store locations, Arrow boasts a network of 23 depots strategically located in Northern Alberta.
“The acquisition of Arrow aligns with Air Liquide Canada’s objective to further build upon its presence in Alberta, a market that is experiencing significant growth;” said Air Liquide Canada President and CEO Adam Peters. “We welcome to Air Liquide, Tom Lloyd and the 41 employees, whose extensive distribution expertise and knowledge of the market will further enhance our growth position in Alberta. Arrow’s reputation as a professional, service-oriented and highly efficient distributor is a natural fit within Air Liquide Canada’s existing industrial gases and welding products business activities.”
Arrow was established in 1975 by both Tom Lloyd and Air Liquide Canada. As a long-time independent and the largest Air Liquide distributor, Tom Lloyd will join Air Liquide Canada and assist with the integration of the operations and long term development of Air Liquide’s presence in Alberta
Air Liquide in Canada
Founded in 1911, Air Liquide Canada has over 2,200 employees and serves over 80,000 customers in Canada’s aeronautics, automobile, agri-food, chemical, defence, electronics, energy, metallurgy, metal fabrication, mining and healthcare industries from our sites located in key industrial regions from coast to coast.
Industrial Merchant activities of Air Liquide
The Industrial Merchant business line manages the production and distribution of gases in bulk and cylinders, and provides customers with the applications and services required for their implementation. Its customers range from tradesmen to major businesses and use industrial gases in 5 key sectors: food and pharmaceuticals, automobile and manufacturing, crafts and distribution, materials and energy, and technology and research. For 2011, the Industrial Merchant business line generated revenue of €4,892 million.
Air Liquide is the world leader in gases for industry, health and the environment, and is present in 80 countries with 46,200 employees. Oxygen, nitrogen, hydrogen and rare gases have been at the core of Air Liquide’s activities since its creation in 1902. Using these molecules, Air Liquide continuously reinvents its business, anticipating the needs of current and future markets. The Group innovates to enable progress, to achieve dynamic growth and a consistent performance.
Innovative technologies that curb polluting emissions, lower industry’s energy use, recover and reuse natural resources or develop the energies of tomorrow, such as hydrogen, biofuels or photovoltaic energy… Oxygen for hospitals, home healthcare, fighting nosocomial infections… Air Liquide combines many products and technologies to develop valuable applications and services not only for its customers but also for society.
A partner for the long term, Air Liquide relies on employee commitment, customer trust and shareholder support to pursue its vision of sustainable, competitive growth. The diversity of Air Liquide’s teams, businesses, markets and geographic presence provides a solid and sustainable base for its development and strengthens its ability to push back its own limits, conquer new territories and build its future.
Air Liquide explores the best that air can offer to preserve life, staying true to its Corporate Social Responsibility and sustainable development approach. In 2011, the Group’s revenues amounted to €14.5 billion, of which more than 80% were generated outside France. Air Liquide is listed on the Paris Euronext stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones Euro Stoxx 50 indexes
Information
Air Liquide Canada
Daniel M. Richard
Manager, Communications
(514) 846-7735
