Matheson Tri-Gas signs specialty gas agreement

Matheson Tri-Gas Inc. has announced that the Dubai-based Global Gases Group has signed the company’s Global ENABLE sm Process Approved Distributor Agreement, with the agreement forming an exclusive specialty gas marketing alliance in the Middle Eastern countries.

The alliance will allow the marketing of specialty gases to customers requiring value added products and services in oil/petrochemical, environmental, energy, laboratory, and other market segments. Under the umbrella of Matheson Tri-Gas’ Global ENABLE sm Program, specialty gas products will be produced, marketed, and sold under the dual brands of Global Gases and Matheson-Tri-Gas.

Plans will begin in June 2008, to construct a state of the art specialty gas producing facility by Global Gases in Dubai.

The new ENABLE sm agreement builds on an existing business relationship between Matheson Tri-Gas and Global Gases, as the US company already supplies Global Gases’ bulk liquid helium requirements since January 2007 - under an agreement that gives Global Gases exclusive rights to distribute Matheson Tri-Gas’ helium in the Middle East.

Rick Kowey, Executive Vice President & General Manager of Matheson Tri-Gas’ Global Specialty Gas Group, stated, “We are pleased to have finalised this agreement with the Global Gases Group. It is an exciting step forward to making this partnership a success. Our partnership with Global Gases Group will reinforce our leadership position in the Middle Eastern countries, and will greatly enhance the value of both companies.