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Indiana Oxygen Acquires Branch- 7/5/2012
Matheson agreed to transfer ownership of its Elkhart, Indiana, gas and welding supply business to the Indiana Oxygen Company. The companies expect to complete the transfer effective July 2012.
Founded in 1915, Indiana Oxygen Company has an established network of branch locations in Indiana. The Elkhart facility will add to that network.
Indiana Oxygen Company has been one of Matheson's strategic Process Approved Enable Distributors since 2006. The track record of a successful working relationship was a key contributing factor in the decision to transfer the business of the Elkhart operation.
With resources focused on the Indiana Region, Indiana Oxygen is well-positioned as the ownership successor of the Elkhart operation, and a continuing Matheson partner. In turn, Matheson plans to focus on developing other strategic relationships similar to the one with Indiana Oxygen, as well as developing its core markets in other strategically important regions.
According to Mark Blakely, Midwest Zone vice president, Matheson, "The Elkhart business is an excellent strategic fit for Indiana Oxygen, and it will significantly advance their goal of building a premier gas and welding distributorship across the entire state of Indiana. This ownership transfer is a direct result of the close distributor relationship we have had with Indiana Oxygen – for specialty gases and other products - over the last decade. In terms of continuity, it also represents an outstanding opportunity for Elkhart employees and customers – because Indiana Oxygen shares values and principles similar to those at Matheson."