At Matheson Tri-Gas it isn’t simply a case of treading water during stormy economic seas, as proved by the recent acquisition of leading US distributor Valley National Gases.
Rather than just drifting amidst difficult financial tides, Matheson Tri-Gas (MTG) is riding a wave of optimism that should see the company emerge even stronger from the effects of the global recession.
Despite the downturn, the close of March saw MTG announce a definitive agreement to acquire Valley National Gases – a deal which gasworld understands is now complete.
While mergers & acquisitions (M&A) are nothing new, more than a few eyebrows are likely to have been raised by the deal, especially during days of caution and cut-backs. Valley is the largest privately-held distributor of industrial, medical and specialty gases and had been acquiring a number of companies itself.
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