MATHESON Acquires Continental Carbonic Products, Inc.

  MATHESON Acquires Continental Carbonic Products, Inc.

Business Wire

DECATUR, Ill. & BASKING RIDGE, N.J. -- February 13, 2014

Matheson Tri-Gas, Inc. ("MATHESON"), a global manufacturer and supplier of
industrial, medical, electronics and specialty gases and welding supplies
headquartered in Basking Ridge, New Jersey, announced today that it has
completed the acquisition of Continental Carbonic Products, Inc. ("CCPI"), an
Illinois-based manufacturer and supplier of dry ice and liquid carbon dioxide.
MATHESON is the largest subsidiary of Taiyo Nippon Sanso Corporation ("TNSC"),
which is one of the top five global producers of industrial, medical,
electronics and specialty gases and is headquartered in Japan. The acquired
business operates 31 branch locations and 8 production facilities located
throughout the Midwest, Eastern and Southern United States.

Shinji Tanabe, President of TNSC, said, "TNSC has positioned the strengthening
of its North American business base as one pillar of its earnings improvement
initiatives. To that end, the acquisition of Continental Carbonic supports our
strategy."

"Continental Carbonic has a strong history of successful expansion in becoming
one of the major U.S. suppliers of dry ice under the leadership of Bob
Wiesemann II and his Team. Going forward, CCPI presents a tremendous
opportunity for MATHESON by providing a new platform for growth and extension
of our product offering," said Scott Kallman, President and Chief Executive
Officer of MATHESON." CCPI will operate as a wholly-owned subsidiary of
MATHESON with a separate Board of Directors. John Funk will continue as
President for CCPI and will serve on the Board of Directors along with Bob
Wiesemann II and other MATHESON representatives."

"While Continental has enjoyed tremendous growth thanks to our dedicated
employees and loyal customers, the potential for future growth is even
greater. To realize that potential, we believe that Continental needs an
ownership structure and the necessary capital and other resources that
MATHESON is well equipped to provide," stated Bob Wiesemann II, Chief
Executive Officer of CCPI.

About Matheson Tri-Gas, Inc.

Matheson Tri-Gas, Inc. is a single source for industrial, medical, specialty
and electronic gases, gas handling equipment, high performance purification
systems, engineering and gas management services, and on-site gas generation
with a mission to deliver innovative solutions for global customer
requirements. Matheson Tri-Gas, Inc. is the largest subsidiary of Taiyo Nippon
Sanso Corporation, one of the top five suppliers of industrial, specialty, and
electronics gases in the world.

About Continental Carbonic Products, Inc.

Continental Carbonic Products, Inc., headquartered in Decatur, IL, is the
largest independent supplier of dry ice in the U.S. CCPI operates from 39
locations located throughout the eastern two-thirds of the United States and
Ontario Canada. Additionally CCPI is the nation's largest distributor of dry
ice blasting equipment and is a leading manufacturer of liquid carbon dioxide.

Contact:

Continental Carbonic Products, Inc.
John Funk, 217-428-2068
or
Matheson Tri-Gas, Inc.
John Molnar, 908-991-9317
 
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