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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 National Gases will expand Matheson's distribution capacity in the Eastern and Midwest regions of the U.S.