Air Water Inc.’s deal for TOMCO2 Systems marks the latest step in Air Water’s overseas expansion strategy, while also representing another piece of M&A activity in the CO2 business and related markets – a hive of activity in recent years.
Like many of its Japanese counterparts, Air Water has been on a path of diversification for the last decade or more.
Indeed, when I interviewed Air Water back in 2009, the company was mindful of its need to branch out. There was also a single-minded determination to remain current; to remain a leader.
At that time Air Water was working on a new mid-term business plan for the three years ahead, which came into effect in April 2010, and had adopted the vision ‘To be the commanding presence in the industrial gas industry’.
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