By Rhea Healy2016-10-19T13:50:00+01:00
Industrial gas supplier DeLille Oxygen Company, which is headquartered in Columbus, Ohio, has acquired fellow US-based business NyeCo Gas, Inc.
Under the agreement, DeLille Oxygen has acquired four extra company locations in Ohio, bringing its total to 12 sites in the US state.
It is understood that Aaron Nye, the founder and President of NyeCo Gas, will stay with the company to run these locations for DeLille Oxygen.
The takeover, of which financial details were not disclosed, became effective as of 1st September, 2016.
DeLille Oxygen is a member of the Independent Welding Distributors Cooperative (IWDC). According to gasworld Business Intelligence, independent distributors accounted for approximately 14% of the Great Lakes industrial gases market in 2015, which was valued at around $3.2bn in total.
In a first since becoming a member of Air Liquide’s corporation, Airgas Inc. has made its first acquisitions, procuring two US-based gas and welding distributing companies.
American Welding & Gas, Inc. (AWG), an independent manufacturer and distributor of industrial gases and welding supplies in the US, has acquired Norton Welding Supply, Inc.
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