Matheson Tri-Gas Completes Acquisition of U.S. Assets Divested by Air Liquide
Basking Ridge, NJ, USA - September 8, 2016 - MATHESON announced today that it has completed its acquisition of certain U.S. assets divested by Air Liquide. The transaction was first announced on June 24, 2016.
In the transaction, MATHESON acquired eighteen (18) air separation units, two (2) nitrous oxide plants, and four (4) carbon dioxide plants and other related assets of Air Liquide. The transaction also included three (3) Airgas retail stores in Alaska.
The sale of these assets was required by the U.S. Federal Trade Commission ("FTC") in connection with Air Liquide’s recently closed acquisition of Airgas.
"We are pleased to close the acquisition phase and we can now focus entirely on the ongoing business integration of these new assets." stated Scott Kallman, MATHESON President and CEO. "Current and future customers will benefit from MATHESON’s additional capacity and coverage."
"Most important," says Kallman, "is that today we can officially welcome our new teammates to the MATHESON Team."
About MATHESON
Matheson Tri-Gas, Inc. is a single source provider of industrial and specialty gases, including bulk and cylinder gases, gas handling equipment, high performance purification systems, and related hardgoods. The Company also provides support services, engineering services, and systems management services to analytical laboratories and semiconductor manufacturers worldwide. As a member of the Taiyo Nippon Sanso Corporation group, Matheson Tri-Gas, Inc., is part of a worldwide industrial gas organization focusing on being the single source provider for global customer requirements.
For further information, contact:
John B. Molnar, Vice President Deputy General Counsel at 908-991-9317
Matheson
166 Keystone Dr
Montgomeryville PA 18936
USA
