By Stuart Radnedge2014-12-19T15:59:00+00:00
Mr. Vincent and Gregory Grillo, Co-Presidents of Cryofab Inc., which is a New Jersey-based manufacturer of cryogenic equipment, are pleased to announce the acquisition of Cryocomp Inc., California-based cryogenic valves suppliers, who also specialise in vacuum valve assemblies.
The new company will retain the Cryocomp Inc. name as a wholly-owned subsidiary of Cryofab.
Cryofab, founded in 1971, is a global leader in design and supply of cryogenic dewars, storage vessels and transfer systems for the industrial gas, research, aerospace, medical, semiconductor, and pharmaceutical industries.
In addition to being among the top cryogenic valves suppliers, Cryocomp adds expertise in vacuum valves, vacuum relief valves, pipe- and tube-sized bayonet assemblies, vapour vents and heaters, and helium control valves.
When asked what the motivation for the Cryocomp acquisition was, Greg Grillo stated, “Cryofab has long desired to complement our extensive product line with offerings in the cryogenic bayonet and VJ valve areas. When the opportunity arose to achieve this goal through the acquisition of a respected and well established organisation already entrenched in such a market it was difficult to resist.”
Vincent Grillo added, “Cryocomp and Cryofab have enjoyed a decades long business association and a union of the two companies through acquisition is the perfect evolution of that beneficial relationship.”
When more than 100 delegates from 16 countries gathered in London for the first ever Global Helium Summit, the trends, technologies and dynamics of the helium supply chain were in focus like never before.
Leading cryogenic equipment manufacturer Cryofab, Inc. has hired Vincent Grillo, Jr. as a Sales Engineer, taking the company into its third generation of family leadership.
Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.
To find out more about gasworld's advertising opportunities click here.