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Matheson Completes Acquisition of Continental Carbonic Products

Matheson Tri-Gas, Inc., Basking Ridge, NJ, a manufacturer and supplier of industrial, medical, electronics, specialty gases and welding supplies has completed the acquisition of Continental Carbonic Products, Inc., an Illinois-based manufacturer and supplier of dry ice and liquid carbon dioxide. Matheson is a subsidiary of Taiyo Nippon Sanso Corporation, a producer of industrial, medical, electronics and specialty gases, headquartered in Japan.

Continental Carbonic Products has 31 branch locations and eight production facilities located throughout the Midwest, Eastern and Southern United States.

"Going forward, CCPI presents a tremendous opportunity for Matheson by providing a new platform for growth and extension of our product offering," said Scott Kallman, president and CEO of Matheson. "CCPI will operate as a wholly-owned subsidiary of Matheson with a separate Board of Directors. John Funk will continue as President for CCPI and will serve on the Board of Directors along with Bob Wiesemann II and other Matheson representatives."

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