Skaff Cryogenics, Inc. (SCI) of Brentwood, New Hampshire has reached an agreement with FNF Gas Technology Products Pvt. Ltd. (FNF) of Vadodara, India to be the exclusive supplier of FNF’s cryogenic products in the US.
As part of the agreement, FNF will deliver semi-finished cryogenic tanks to SCI’s facility in New Hampshire, where SCI will perform all of the finishing work, including blasting, painting and plumbing.
The agreement provides SCI with an opportunity to source high quality tanks to distribute to the company’s extensive list of customers in the gas containment industry. It also provides FNF with a strong distribution partner in the US through which to sell its products manufactured in India.
“We are confident in FNF’s manufacturing capabilities and are excited about our future working together with them”
FNF delivered its first shipment of cryogenic tanks to Skaff Cryogenics in January 2012 and Steve Prefontaine, SCI’s Vice-President and Partner, said upon receiving the first shipment, “FNF’s first delivery of cryogenic tanks to our facility exceeded our expectations. The tanks arrived in excellent condition and were on par or better than those we receive from domestic suppliers.”
“We are confident in FNF’s manufacturing capabilities and are excited about our future working together with them.”
The two companies will be able to leverage each other’s expertise and offer customers safe, reliable, and technically superior cryogenic tanks at attractive prices. The exclusive distribution agreement is for three years and together the companies will be effective in growing their businesses in the US.
Jack Finn, FIBA’s President and CEO and Director at FNF stated, “We have worked long and hard with our partners at FNF to develop a first-class product that is consistent with the quality achieved at our factories in the United States. This first delivery to SCI is proof of our hard work and a good sign for future success with our new partner, Skaff Cryogenics.”
Founded in 1978, SCI is a leading re-manufacturer of cryogenic tanks and trailers and now will be able to provide new, high-quality cryogenic tanks to the US market. FNF, meanwhile, was formed in 2011 and is a joint venture between FIBA Technologies, Inc. (FIBA) and New Field Industrial Equipment Pvt. Ltd. (New Field).
After years of manufacturing a large range of pressure vessels in the US, from low pressure cryogenic tanks to high pressure tube skids and trailers, FIBA partnered with New Field to restore focus on its cryogenic product line. The two companies formed a joint venture to manufacture horizontal and vertical stationary cryogenic tanks in India. Manufacturing commenced in the fall of 2011.