Valley National Gases, which announced a number of acquisitions last year, is now the subject of a takeover itself, as Matheson Tri-Gas has signed a definitive agreement to acquire the company.
Matheson Tri-Gas, Inc. (MTG) and CI Capital Partners LLC (CI Capital), a New York-based private equity firm, have announced the signing of a definitive agreement under which MTG will acquire fellow US company Valley National Gases.
Valley National Gases is the largest privately-held packager and distributor of industrial, medical, and specialty gases, welding supplies and propane and as recently as October 2008, announced ambitious agreements to acquire both General Welding Supply and its affiliates, and the L.P. Gas Company of West Virginia.
Now however, the successful US distributor is to become an MTG company.
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