Maine Oxy has acquired an equity position in Pennsylvania-based Torco Supply Co.
Announced today (3rd December), the news is part of a wider strategic partnership between the two US businesses.
For Maine Oxy, the deal expands its footprint into the Mid-Atlantic region. It will also support the company’s ongoing commitment to innovation and growth in the industrial gas and welding supply industry.
Tim Robb, President of Torco Supply Co, said the partnership provides Torco with the resources and support to continue its growth trajectory.
“We’re excited to enhance our capabilities while maintaining our commitment to serving our customers with the highest level of quality and reliability.”
The companies will continue to operate independently.
In 2023, Maine Oxy filled over 80,000 cylinders in Naugatuck and over 200,000 in Auburn. In addition to its two main facilities, Maine Oxy also has 17 stores, with the most recent having opened in Stratford, Connecticut back in 2022.
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