April 21, 2018 3:51 PM ET

Chemicals

Company Overview of Matheson Tri-Gas, Inc.

Company Overview

Matheson Tri-Gas, Inc. manufactures scientific gases and equipment. It offers industrial gases, specialty gases, medical gases and equipment, electronic gases and materials, cutting and welding gases, global helium sources, on site gas generation equipment, on site air separation equipment, gas purification systems, gas detection systems, gas handling equipment, and welding and safety products. The company serves customers in semiconductor, analytical, and industrial businesses. Matheson Tri-Gas, Inc. was formerly known as Matheson Gas Products, Inc. and changed its name to Matheson Tri-Gas, Inc. in July 1999. The company was founded in 1926 and is based in Basking Ridge, New Jersey. Matheso...

150 Allen Road

Basking Ridge, NJ 07920

United States

Founded in 1926

Phone:

908-991-9200

Fax:

908-604-1465

Key Executives for Matheson Tri-Gas, Inc.

Chief Executive Officer and President
President of Taiyo Nippon Sanso Shanghai
Senior Vice President of Electronics and International
Executive Vice President
Senior Vice President
Compensation as of Fiscal Year 2017.

Matheson Tri-Gas, Inc. Key Developments

Matheson Tri-Gas to Close Three Cesspools at its Kapolei Facility on Oahu and Pay Federal Fine

The U.S. Environmental Protection Agency has reached an agreement with Matheson Tri-Gas to close three cesspools at its Kapolei facility on Oahu. The federal agency said it found two large-capacity cesspools during an inspection of the Matheson Tri-Gas facility in May 2016. EPA regulations under the Safe Drinking Water Act required closure of all existing LCCs by April 5, 2005. As part of the agreement, Matheson, which acquired the facility in 2015, will close the two LCCs and convert them into a septic system. The company will also pay a civil penalty of $88,374 for its violations and spend $50,000 on a supplemental environmental project to close an on-site small-capacity cesspool. Matheson is expected complete the closure of the cesspools by the end of the year.

Matheson Tri-Gas, Inc. to Purchase Divested Assets in the US from Air Liquide

Matheson has executed an agreement for the purchase of eighteen air separation plants in sixteen locations, two Nitrous Oxide plants, four CO2 plants, and related assets from Air Liquide in the United States. The company noted that the agreement also includes its purchase of three Airgas Inc. retail stores in Alaska. Airgas is an Air Liquide company. The sale of these assets is required by the U.S. Federal Trade Commission in connection with Air Liquide's recently closed acquisition of Airgas.

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Recent Private Companies Transactions

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