Market Overview

MATHESON Continues Strategic Expansion in Midwest


has continued its strategic expansion with the acquisition of Weld
Specialty Gas & Equipment, Inc., Milwaukee, Wisconsin.

Weld Specialty Gas & Equipment was founded in 1980 and is a
well-established supplier of industrial, specialty, and bulk gases, plus
welding hard goods, equipment, and safety products. Headquartered in
Milwaukee, Weld Specialty operates out of four locations in the
Southeast region of Wisconsin.

Steve Foster, Executive Vice President at MATHESON said, "This
investment is consistent with our vertical integration and product line
extension strategies. In this case, the added cylinder distribution
capabilities and sizeable hard goods customer base will help build
density in the Wisconsin market." Mr. Foster continued, "Our business
will immediately benefit from the addition of the dedicated and
customer-focused Weld Specialty employees. We welcome aboard our new

John Dunfee, President of Weld Specialty Gas & Equipment, said,
"MATHESON and Weld Specialty have had a relationship for over a decade.
Weld chose to partner with MATHESON due to the trust we developed over
that time. MATHESON has met, if not exceeded, all of their commitments
during this process. Most importantly, they have exhibited a sincere
interest in retaining our employees as well as providing improved
opportunities for many. Scott St. Peter, Vice President, and I have
found this to be a true partnership."


MATHESON is a single source for industrial, medical, specialty and
electronic gases, welding and safety supplies, 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 is the
largest subsidiary of the TAIYO NIPPON SANSO CORPORATION Group, one of
the five largest suppliers of industrial, specialty, and electronics
gases in the world.

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