Matheson Tri-Gas recently announced that it has successfully completed the purchase of Five Star Gas & Gear of Los Nietos, CA. The purchase will add five new branches to the Matheson network, and the acquired company will become a part of the Matheson's Industrial Gas Group business unit.
The transaction involves all of Five Star’s assets and employees.
William J. Kroll, Chairman of Matheson Tri-Gas stated, “This acquisition is consistent with Taiyo Nippon Sanso’s and Matheson Tri-Gas’ focused strategy to expand our presence in the US Market. This acquisition highlights our position as a vertically integrated supplier of bulk, packaged and specialty gases in this market and supports our recent investment in our new air separation unit for bulk liquid at Vernon, CA.”
Steve Foster, Vice President of Matheson also said, “The acquisition of Five Star is important as it provides us with needed distribution capabilities for packaged and specialty gases throughout Southern California. We believe that the acquisition will benefit the customers of both organizations.”
