MATHESON Acquires Quimby Welding Supplies, Inc.
Basking Ridge, NJ - April 27, 2011 - MATHESON has successfully acquired the assets and business of Quimby Welding Supplies, Inc., based in Portland, Oregon. Quimby is the largest independent welding supply business in the greater Portland, Oregon and southern Washington areas. This purchase will add four new locations to the MATHESON network, and the acquired business will become a part of the MATHESON Packaged Division.
"We are truly excited to have Quimby as part of the MATHESON Team. Quimby complements our existing leading position in Medical and Specialty gases with a competence in welding gases and supplies which will provide more value for our customers in the Northwest," said William J. Kroll, Chairman & Chief Executive Officer of MATHESON.
David Andrew, Senior Vice President, Corporate Business Development of MATHESON added, "We are pleased to have had the opportunity to work with Wayne Quimby and his experienced staff to complete this transaction. MATHESON is fortunate to be able to add this professional organization to our nationwide network of retail welding supply locations."
"We are looking forward to being part of a first class global company. Going forward we will be positioned to offer our customers an expanded portfolio of products and services, provide greater opportunities for our employees, and strengthen our overall position within the markets we serve," stated Joe Smith, Region General Manager, Quimby Welding Supplies, Inc.
MATHESON is a single source for industrial, medical, specialty and electronic gases, gas handling equipment, high performance purification systems, engineering and gas management services, and on-site gas generation with a mission to deliver innovative solutions for global customer requirements. MATHESON is the largest subsidiary of the Taiyo Nippon Sanso Corporation Group, the largest Japanese supplier of industrial gases and one of the five largest suppliers of industrial, specialty, and electronics gases in the world.
