MATHESON has continued its strategic expansion with the acquisition of Weld Specialty Gas & Equipment.
Headquartered in Milwaukee, Weld Specialty operates out of four locations in the Southeast region of Wisconsin. It was founded in 1980 and is a well-established supplier of industrial, specialty, and bulk gases, plus welding hard goods, equipment, and safety products.
Steve Foster, Executive Vice-President at MATHESON said, “This investment is consistent with our vertical integration and product line extension strategies. In this case, the added cylinder distribution capabilities and sizeable hard goods customer base will help build density in the Wisconsin market.”
“Our business will immediately benefit from the addition of the dedicated and customer-focused Weld Specialty employees. We welcome aboard our new teammates.”
John Dunfee, President of Weld Specialty Gas & Equipment, added, “MATHESON and Weld Specialty have had a relationship for over a decade. Weld chose to partner with MATHESON due to the trust we developed over that time. MATHESON has met, if not exceeded, all of their commitments during this process. Most importantly, they have exhibited a sincere interest in retaining our employees as well as providing improved opportunities for many. Scott St. Peter, Vice-President, and I have found this to be a true partnership.”
According to gasworld’s Senior Business Analyst Jonny Dearden, “The Great Lakes is home to the third largest industrial gas market out of the eight US regions. The region has benefited from a high level of investment in recent years and features a high density of production facilities. The sale of packaged gas was the largest revenue generator in the Great Lakes, contributing just under $1.3bn in sales.”