Rockford, IL-based The Encompass Gas Group Inc. is the latest company to become part of the Airgas group, after a definitive agreement was reached to acquire its assets and operations.
One of the largest privately-owned suppliers of industrial, medical and specialty gases and hardgoods in the US, Encompass Gas Group brings around $55 million in annual sales (2012).
The company was said to be impressed with Airgas’ own independent roots and ‘can’t think of a better company to entrust with our loyal customers and associates’.
For Airgas, the deal adds 11 locations and more than 130 employees in Illinois, Wisconsin, and Iowa. Executive chairman Peter McCausland said, “The Encompass Gas Group is among the most respected companies in the US packaged gas industry, and we are very excited for their associates and customers to join the Airgas family.”
“Encompass’ leadership team and associates have worked very hard over several decades to grow and service the needs of their diverse customer base. We believe this combination will enhance the quality of service and breadth of product offering available to the customers of both companies.”
The transaction is expected to close on November 1, 2013, subject to regulatory approval and satisfaction of other customary closing conditions.
Electronic Fluorocarbons (EFC), headquartered in Massachusetts, utilizes the latest technology for the purification and microanalysis of its legacy fluorinated specialty gases and rare gases for the medical and electronics semiconductor manufacturing industries.
As we head in to 2018, we look back on a very interesting changing market for krypton (Kr), xenon (Xe) and neon (Ne) in 2017. Ne supply this year continued to increase as new plants came on-stream while the demand was growing slowly after the big decline of 2016.
GTCR, a leading private equity firm, has recently completed the previously announced acquisition of Cole-Parmer Instrument Company from Thermo Fisher Scientific Inc.
Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases, and related welding supplies, announced that it has acquired US Oxygen Supply (US Oxygen) of Arlington, Texas, and Specialty Air Technologies (SAT) of Long Beach, California. Tech Air is owned by CI Capital
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