Matheson Acquires Dry-Ice Maker | Chemical & Engineering News
Volume 92 Issue 8 | p. 16 | Concentrates
Issue Date: February 24, 2014

Matheson Acquires Dry-Ice Maker

Department: Business
Keywords: dry ice, gases, Japan, M&A
Credit: Shutterstock
Dry ice is used in welding, and to make things look spooky.
Credit: Shutterstock

Matheson Tri-Gas has bought Continental Carbonic Products, an Illinois-based producer of dry ice and liquid carbon dioxide. Carbonic operates eight production facilities and 31 branches throughout the U.S. and needs additional capital resources to finance future expansion. The dry-ice maker enjoys annual sales of about $100 million and employs 750 people. The parent company of Basking Ridge, N.J.-based Matheson, Japan’s Taiyo Nippon Sanso, considers North America to be a pillar of its future earnings.

Chemical & Engineering News
ISSN 0009-2347
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