Global manufacturer Matheson Tri Gas, Inc (MTG), based in New Jersey, announced the acquisition of Western International Gas and Cylinders, Inc (‘Western’).
President of TNSC, Hirosuke Matsueda, stated, “The acquisition of Western supports TNSC’s ongoing strategy to increase market presence and capability in the United States. We see Western as an important factor in helping us pursue our U.S. growth strategy.”
William J Kroll, Chairman and CEO of MTG, commented on Western’s new role stating, “Western will operate as a wholly owned subsidiary of Matheson Tri-Gas and as an independent corporation with a separate Board of Directors comprised of MTG and Western representatives.”
Dan Hord III, President and CEO of Western confirmed, “We see this development as providing Western access to resources and products that will help us achieve higher rates of growth. We are now positioned to expand our wholesale model to supply a broader range of products and services to the retail and independent distributor markets.”
Texas based manufacturer Western supplies acetylene, propylene, high pressure gases, cylinders, valves, and related services; while, MTG is the largest subsidiary of Taiyo Nippon Sanso Corporation (TNSC).