Gulf Cryo continues to build its presence in the emerging Turkish market after its recent acquisition of Yaliz Gaz, a leading local industrial gas company with a well-established network in the Marmara region.
Yaliz Gaz joins Gulf Cryo’s growing Turkey-based portfolio following the acquisition of Deniz Gaz, a leading industrial gas company in Turkey with production plants in four locations across the southwest of the country.
Yaliz Gaz operates three filling plants, through which it serves a significant number of packaged gas customers with oxygen, nitrogen, argon, gas mixes, specialty gases and carbon dioxide (CO2) cylinders, as well as bulk liquid gases. With its addition to thw Gulf Cryo stable, the company now operates from nine sites supported by 170 highly competent employees.
“Turkey is a substantial market on the doorstep of our current geographic reach,” said Naji Skaf, CEO of Gulf Cryo. “Not only does Turkey provide us with significant growth opportunities, it can also serve us as a solid platform for future extension into Eastern Europe.”
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