Adding four new locations to its Packaged Division, MATHESON has successfully acquired the assets and business of Quimby Welding Supplies, Inc., based in Portland, Oregon, US.
For Chairman and CEO William J. Kroll, the deal is significant for MATHESON’s position in the medical and specialty gases business, given the added-value opportunities.
“We are truly excited to have Quimby as part of the MATHESON team,” Kroll said.
“Quimby complements our existing leading position in medical and specialty gases with a competence in welding gases and supplies which will provide more value for our customers in the Northwest.”
Quimby is the largest independent welding supply business in the greater Portland, Oregon and southern Washington areas.
David Andrew, Senior Vice President, Corporate Business Development of MATHESON, added, “We are pleased to have had the opportunity to work with Wayne Quimby and his experienced staff to complete this transaction. MATHESON is fortunate to be able to add this professional organisation to our nationwide network of retail welding supply locations.”
Meanwhile Joe Smith, Region General Manager of Quimby Welding Supplies, Inc., is encouraged by the enhanced opportunities ahead. He said, “We are looking forward to being part of a first class global company. Going forward we will be positioned to offer our customers an expanded portfolio of products and services, provide greater opportunities for our employees, and strengthen our overall position within the markets we serve.”