Airgas and Goodrich Corporation Extend Supply Agreement
RADNOR, PA - February 25, 2010 - Airgas, Inc. (NYSE: ARG), today announced its supply agreement with Goodrich Corporation (NYSE: GR), the Charlotte, NC-based global supplier of systems and services to the aerospace, defense and homeland security industries has been extended for an additional two years. Airgas will continue to be Goodrich's preferred supplier of industrial gases, welding supplies and safety products, providing savings to those Goodrich facilities that use more than one product line. The agreement is part of the Airgas Strategic Accounts program, which provides supply chain management solutions to corporate customers with multiple manufacturing sites nationwide.
"We're very happy to be able to continue to help Goodrich find creative ways to improve their operations through greater supply chain efficiency and real cost savings," said Pat Visintainer, Airgas senior vice-president - corporate accounts. "We've proven we have the footprint, distribution capabilities, as well as product and service expertise to effectively support its facilities. We will continue to deliver the results Goodrich expects."
"Goodrich is committed to lean manufacturing principles, and looks for supplier relationships that help us optimize the flow of materials to the operation in the most efficient manner. Airgas' products and services are helping us move closer to this goal," said Dan Pleshko, Chief Supply Chain Officer, Goodrich Corporation.
Strategic Account Managers and teams within Airgas' 12 regional companies provide the day-to-day service through more than 850 branch locations nationwide. Airgas Strategic Accounts approach combines the company's purchasing power and integrated supply network to deliver a diverse product portfolio, where and when it is needed.
"Airgas grew Strategic Accounts to more than $660 million last year as more and more major corporations sought to improve their supply chain management," said Visintainer. "Airgas is committed to offering a solid resource to give customers the best total range of business solutions."
About Goodrich Corporation
Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. For more information, visit http://www.goodrich.com/.
About Airgas, Inc.
Airgas, Inc. (NYSE: ARG), through its subsidiaries, is the largest U.S. distributor of industrial, medical and specialty gases, and hardgoods, such as welding equipment and supplies. Airgas is also one of the largest U.S. distributors of safety products, the largest U.S. producer of nitrous oxide and dry ice, the largest liquid carbon dioxide producer in the Southeast, and a leading distributor of process chemicals, refrigerants, and ammonia products. More than 14,000 employees work in over 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also distributes its products and services through eBusiness, catalog and telesales channels. Its national scale and strong local presence offer a competitive edge to its diversified customer base. For more information, please visit www.airgas.com.
