The industrial gases market is ripe for consolidation. Acquisitions of independent distributors are continuing to happen across the market, with major industrial gas players continuing to grow both their portfolios and capabilities. Japanese industrial gas company Air Water is now making a series of moves in the US to help both grow and develop its North American footprint, and the month of May (2022) saw the firm make its latest move.
This announcement came in the form of the acquisition of New York-based Noble Gas Solutions. As alluded to above, the transaction is just one in a series of moves which has already been made, or is still set to be made by the industrial gas specialist. Air Water’s strength lies in its technological capabilities and knowhow related to gas manufacturing and supply. As a basic policy for growth, it has said it will leverage such capabilities in the industrial gas business in North America and India and, using these areas as a foothold, pursue further overseas business expansion.
Focusing solely on the US market, which has a broad industrial base, Air Water has already unveiled its plan to build inroads into the industrial gas market based on a local production for local consumption strategy by building small high-efficiency air separation plants, near local areas of demand, with Air Water America playing a central role.
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