Taiyo Nippon Sanso (TNS) say it will build an air separation plant at Linweld, a US company it has recently agreed to acquire.
TNS also aim to produce industrial gases in-house instead of purchasing gas products sourced in part from outside of the company. “We aim to further expand Linwelds gas business by aggressively expanding sales of products such as pure gases, standard gases, and compound gases.”
TNS recently announced that it has signed a basic agreement to begin procedures necessary for acquisition of all stock of Linweld, a company engaged in the manufacture and marketing of industrial gases and other products in the midwestern United States.
The company will make the acquisition through its wholly owned US subsidiary Matheson Tri-Gas. By acquiring Linweld, a medium-sized industrial gas manufacturer with a high market share in the Midwest (Nebraska, a state which promises long-term growth, Colorado, Iowa, Kansas, Missouri, and South Dakota), it aims to further expand and strengthen its US business and ensure sustained growth in earnings.
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