The 2020 Mid-Year Economic Update_long

Day: March 29, 2009

Matheson Tri-Gas Agrees To Buy Valley National Gases

Matheson Tri-Gas, Inc., Basking Ridge, NJ, a manufacturer and supplier of industrial, medical, electronics and specialty gases and welding supplies, has agreed to buy Valley National Gases, Independence, OH, from New York-based private equity firm CI Capital Partners LLC. Matheson is a subsidiary of Taiyo Nippon Sanso Corporation, a producer of industrial, medical, electronics and specialty gases headquartered in Japan.
 
The acquisition of Valley National Gases supports TNSC's global expansion strategy and we are thrilled that our MTG team has successfully finalized the agreement. This acquisition also reinforces our commitment to developing a national presence in the United States, Hirosuke Matsueda, president of TNSC said.
 
Acquiring Valley ...

H.B. Fuller Company Agrees to Buy Nordic Adhesives

H.B. Fuller Company, St. Paul, MN, has agreed to acquire Nordic Adhesives, a developer and manufacturer of flexible packaging adhesives based in Buxtehude, Germany. Nordic had sales of US$9 million in 2008.
 
Nordic has a strong product portfolio in the flexible packaging market and a solid presence in northern Europe. This acquisition will complement our existing product line, enhances our applications knowledge, and will enable us to extend our reach in this highly attractive $1 billion segment of the adhesives industry, said Michele Volpi, H.B. Fuller president and CEO.
 
"With Nordic, we can capitalize upon our global footprint and more quickly develop a more meaningful presence in this desirable market."
 
H.B. Fuller ...

John Crane Buys Orion Corp.

John Crane, Morton Grove, IL, a division of global technology business Smiths Group, acquired Orion Corporation, a Grafton, WI-based designer and manufacturer of hydrodynamic bearings for energy and general industrial markets.
 
Orion designs and manufactures hydrodynamic bearings for high speed turbine, generator, compressor and gear drive applications for the power generation, oil and gas and general industrial markets. It reported sales of about $50 million for fiscal year 2008. The acquisition complements and extends John Crane Bearing Technology.
 
John Crane designs and manufactures seals and associated products mainly for the oil & gas, chemical, pharmaceutical, pulp & paper and mining sectors. ...