Valley National Gases Completes Acquisition

Valley National Gases Completes Acquisition 


WASHINGTON, Pa., June 13  /PRNewswire-FirstCall/ -- Valley National Gases
Incorporated (AMEX:VLG) today announced the acquisition of Plymouth Wayne
Welding Supplies, Inc., an industrial gases and welding supply distributor with
four locations in Southeastern Michigan.  Plymouth Wayne has approximately $12
million in annual sales.  Valley National Gases' Vice Chairman and Chief
Executive Officer, William A. Indelicato, commented, "We have now satisfied the
criteria in the Option Agreement which had precluded us from divulging the
identity of the company we described in our May 13, 2005 press release and we
are pleased to announce that the Plymouth Wayne associates will become part of
our Valley family.  Plymouth Wayne provides us with opportunity to participate
in the greater Southeastern Michigan market, which is contiguous with Valley's
current operations.  Both Plymouth Wayne and Valley participate in portions of
the Northwestern, Ohio market which will create some synergistic opportunities
for us.  Plymouth Wayne possesses significant technical depth in the area of
robotics applications.  We believe this technology base can effectively be
applied in other markets which we serve.  Plymouth Wayne also enjoys a
relatively high percentage of gas sales which tend to be stable during economic
downturns."

Mr. Indelicato further commented:  "This acquisition fits well with our
strategy of effectively distributing products and services across an expanding
geographic marketplace. It also reestablishes our efforts to primarily grow
through selective, quality acquisitions.  We will continue to actively pursue
acquisition candidates that fit our profiles.

Valley National Gases, with headquarters in Washington, Pennsylvania, is a
leading packager and distributor of industrial, medical and specialty gases,
welding equipment and supplies, propane and fire protection equipment.  Valley
National Gases operates sixty three locations in eleven states, with eight
production and distribution centers in the eastern United States.  During the
last eight years Valley National Gases, Inc. has acquired 33 distributors,
adding in excess of $90 million in annual sales. 

DATASOURCE: Valley National Gases Incorporated



CONTACT: James P. Hart of Valley National Gases, [phone], or

 



Web site:  http://www.vngas.com/ 

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