Matheson Tri-Gas, Inc., and ATMI, Inc., have negotiated the termination of Matheson’s rights for global distribution of ATMI’s SDS® (Safe Delivery Source) and VAC® (Vacuum Actuated Cylinder) products.
Under the terms of the agreement, Matheson will receive a termination payment, and ATMI will immediately assume marketing and distribution for SDS and VAC technology in all countries except Japan. Within Japan, Matheson’s parent company, Taiyo Nippon Sanso Corporation, will retain exclusive rights for the marketing and distribution of SDS and VAC products.
The filling of SDS cylinders will continue to be performed by ATMI and Matheson, and VAC cylinders will continue to be filled by ATMI. The same source materials will continue to be used to fill all SDS and VAC products.
For a transition period that may vary in length by country, Matheson and Taiyo Nippon Sanso affiliate companies will continue to fulfill customer orders on behalf of ATMI in the countries where they currently distribute the products.
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