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Airgas (ARG) Restructures its South Distribution Region

Airgas, Inc. ARG announced the restructuring of its South distribution region into two separate regions within the company’s South Division - a redefined South Region, headquartered in Tampa, FL, and a new Southeast Region, headquartered in Kennesaw, GA. The change will be effective from May 1, 2016.

Through both solid organic growth and acquisitions, Airgas’ South Region has grown incredibly over the past several years. The reorganization will drive long-term growth of the company.

Kevin McBride has been named as the President of the new Southeast Region while Edwin Robertson will be the President of the new South Region.

Airgas continues to work on a number of process improvements and operating efficiency initiatives to further leverage its industry-leading platform, expand operating margins and enhance customer service offering.

The company also remains focused on leveraging its infrastructure, managing expenses, expanding its telesales business, enhancing the e-business platform and developing the regional management structure to increase sales growth.

On the flip side, Airgas’ results continue to bear the brunt of a challenging industrial economy as evident from the decline in sales to energy and chemical customers and manufacturing and metal fabrication end markets.

Airgas currently carries a Zacks Rank #4 (Sell).

Some better-ranked stocks include Arkema S.A. ARKAY, Sinopec Shanghai Petrochemical Co. Ltd. SHI and Cabot Corporation CBT. While Arkema S.A. and Sinopec Shanghai Petrochemical sport a Zacks Rank #1 (Strong Buy), Cabot Corporation holds a Zacks Rank #2 (Buy).

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