Fuel for Thought
New Acquisition Offers Further US Expansion To Leading Industrial Gas Providers
Jul 13 2010
Matheson Tri-Gas, Inc. (USA) a global manufacturer and supplier of industrial, medical, electronics and specialty gases and welding supplies recently announced it has completed the acquisition of Western International Gas and Cylinders, Inc. a Texas-based manufacturer and wholesale supplier of acetylene, propylene, high pressure gases, cylinders, valves and related services. Matheson is the largest subsidiary of Taiyo Nippon Sanso Corporation (“TNSC”), which is one of the top five global producers of industrial, medical, electronics and specialty gases and is headquartered in Japan.
Hirosuke Matsueda, President of TNSC, said “The acquisition of Western supports TNSC’s ongoing strategy to increase market presence and capability in the United States. We see Western as an important factor in helping us pursue our U.S. growth strategy.”
“Western’s history of serving the wholesale fuel gas market safely and reliably through their innovative use of technology will continue to serve them well in driving future growth of their business,” said William J. Kroll, Chairman and Chief Executive Officer of Matheson . “Western will operate as a wholly-owned subsidiary of Matheson Tri-Gas and as an independent corporation with a separate Board of Directors comprised of MTG and Western representatives. Dan Hord III will serve on the Board of Directors.”
“We see this development as providing Western International Gas and Cylinders access to resources and products that will help us achieve higher rates of growth” said Dan Hord III, President and CEO of Western. “We are now positioned to expand our wholesale model to supply a broader range of products and services to the retail and independent distributor markets.”
Digital Edition
PIN 25.2 Apr/May
May 2024
Safety - Carbon monoxide toxic and flammable gas detection Analytical Instrumentation - Density: A fundamental parameter at critical stages within the petroleum sector - Advancements and...
View all digital editions
Events
Jul 10 2024 Birmingham, UK
Thailand Oil & Gas Roadshow 2024
Jul 11 2024 Rayong, Thailand
Jul 20 2024 Denver, CO, USA
Jul 21 2024 Cape Town, South Africa
Jul 24 2024 Bogata, Colombia