) has announced the reorganization of its Southwest distribution
region. After the reorganization, the distribution center will be
divided into two separate regions - the Gulf Coast region,
headquartered in Houston, and the Southwest region, headquartered
in Dallas, effective Nov 1, 2013.
AKZO NOBEL NV (AKZOY): Get Free Report
AIRGAS INC (ARG): Free Stock Analysis Report
BASF SE (BASFY): Get Free Report
CABOT CORP (CBT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Jason Favre will be the president of the Gulf Coast region which
includes coastal Texas and Louisiana. Favre has served as vice
president of sales and marketing for Airgas' Southwest region
Brent Sparks will be appointed as president of the newly defined
Southwest region, which includes the rest of Texas to the north,
east and west of Dallas, and New Mexico. Sparks is now the
presiding officer in the Southwest region.
The reorganization underscores Airgas' commitment to an operating
model made for customers' satisfaction and fulfillment of their
needs according to their choice. Formation of two separate
regions will facilitate management and staff resources to focus
on key growth areas.
Airgas' Southwest region is the largest in terms of annual
revenues. The region is also leading in terms of the number of
production facilities, branches and associates in Airgas.
The reorganization will strengthen Airgas' commitment to fulfill
the unique needs of industries in both regions. It will also help
the company to tap long-term prospects for the U.S. manufacturing
and energy industries as well as non-residential construction.
Airgas is well positioned for growth on its strategic initiatives
such as sales and marketing alignment with customers, SAP and the
associated benefits, total access and eBusiness, as well as
renewed focus on day-to-day selling and customer service.
Airgas has implemented a price increase that was effective from
Jul 1, 2013. This will help the company to maintain same-store
sales growth and counter higher input and energy costs. The
company also remains focused on reducing its costs associated
with production, cylinder maintenance and distribution logistics.
Based in Pennsylvania, Airgas, through its subsidiaries,
distributes industrial, medical and specialty gases as well as
hard goods in the U.S. The company also markets its products and
services through e-business, catalog and telesales channels.
Airgas currently carries a short-term Zacks Rank #3 (Hold).
Akzo Nobel NV
) belong to the same industry in which Airgas operates. All three
hold a Zacks Rank #2 (Buy).