Delaware County Briefly: Airgas, Radnor High School, and Storeroom Solutions

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Benoit Potier shakes hands with Peter McCausland.
Photo courtesy of Air Liquide.
Benoit Potier, left, the CEO of Air Liquide, shakes hands with Airgas executive chairman Peter McCausland.

Here’s a quick rundown of other business news in Delaware County:

Sale of Radnor’s Airgas for $13.4 Billion Wins Regulatory Approval

Air Liquide, a Paris-based industrial gas manufacturer with its U.S. headquarters in Houston, was approved by the U.S. Federal Trade Commission to buy Radnor’s Airgas Inc. This was the final regulatory approval needed, and the companies now plan to close the deal on May 23.

The deal, announced in November, is valued at $13.4 billion, including the assumption of debt. However, Air Liquide and Airgas had to agree to sell certain assets to settle FTC charges that the deal likely would have harmed competition. If Air Liquide fails to sell them to an FTC-approved buyer within four months of acquiring Airgas, the FTC can appoint a trustee to divest the assets. According to Air Liquide’s statement, the divestiture process is well underway.

Projected Enrollment Increase at Radnor High School Prompts Study

A study of the future needs and program analysis for Radnor High School by Lawrence Gilbert Architects is underway in the wake of projections for a spike in enrollment beginning with the 2018-19 school year.

According to a study by the Pennsylvania Economy League, additional students will begin to arrive in the 2018-19 school year with 1,264 students and the student population will continue to be over 1,200 through 2025-26, according to Leo Bernabei, facilities director. The school holds 1,200 students. Gilbert, the Lancaster-based firm that designed previous renovations to RHS, is to complete the study by September at a cost not to exceed $49,230.

Radnor’s Storeroom Solutions Adopts Synovos as New Name

Integrated supplier Storeroom Solutions Inc., based in Radnor, announced it has rebranded the company as Synovos. The company cited an evolving industry landscape and a history of significant growth as reasons for the rebrand.

“For nearly 20 years, the name Storeroom Solutions has served us and our clients well,” said Carlos Tellez, president and CEO. “The industry continues to evolve, where manufacturing companies, large institutions, medical facilities, and others are looking for a full suite of services to deal with MRO, supply management, and asset needs. Our new identity positions us to meet those challenges and build trust with our clients, while providing increased value.”

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