WI: MATHESON Continues Strategic Expansion in Midwest
5 Sep, 2018
MATHESON has continued its strategic expansion with the acquisition of Weld Specialty Gas & Equipment, Inc., Milwaukee, Wisconsin.
Weld Specialty Gas & Equipment was founded in 1980 and is a well-established supplier of industrial, specialty, and bulk gases, plus welding hard goods, equipment, and safety products. Headquartered in Milwaukee, Weld Specialty operates out of four locations in the Southeast region of Wisconsin.
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." Mr. Foster continued, "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, said, "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."
MATHESON is a single source for industrial, medical, specialty and electronic gases, welding and safety supplies, gas handling equipment, high performance purification systems, engineering and gas management services, and on-site gas generation with a mission to deliver innovative solutions for global customer requirements. MATHESON is the largest subsidiary of the TAIYO NIPPON SANSO CORPORATION Group, one of the five largest suppliers of industrial, specialty, and electronics gases in the world.