Aeris acquisition for Matheson Tri-Gas

21 Oct 2008

Robert Cockerill robert.cockerill@specialtygasreport.com

Matheson Tri-Gas, Inc. (MTG) has successfully acquired the assets and business of Aeris, Inc. of Northern California and Nevada, a leading independent medical, industrial and specialty gas manufacturer.

The purchase will add fourteen new locations to the Matheson Tri-Gas network, and the acquired business will become a part of the Matheson Tri-Gas Industrial Gas Group Northern California region.

Aeris, Inc. was formed through the merger of Wine Country Gases, Central Coast Gases, Wesco, Arc Gas Products, and Air Arc Supply in January 2006. The merger was initiated by the founding partners Gary Minnis, Michael Beckley, and Dan Guerra.

Dan Guerra will continue to head the business as Regional Vice President for Matheson Tri-Gas, Inc.

Bill Kroll, Chairman, President & CEO, Matheson Tri-Gas, Inc. stated, “We have always admired Aeris as a well run company and their addition to the MTG network is a move to strengthen our presence in Northern California. The Aeris combination with the MTG network will bring increased value for the customers.”

According to Dan Guerra, President of Aeris, Inc, “We are proud that Aeris has now become part of the Matheson Tri-Gas, Inc. family and I am excited by the opportunity to continue leading this business. The alignment of our cultures and key service principles assures our success and will create considerable benefit to our customers and employees.”