American Welding & Gas, Inc. Acquires Industrial Gas Assets of F&M Mafco, Inc.
AWG announced that it is pleased to welcome the team from the industrial gas portion of F&M Mafco, Inc. to American Welding & Gas, Inc. (“AWG”). AWG is one of the nation’s largest independently owned producer and distributor of industrial, medical and specialty gases. F&M MAFCO, Inc. (“F&M”) provides site services internationally for capital construction projects including tooling, equipment, tool management rental, sales and service.
“Today we are pleased to welcome the teammates and customers of F&M MAFCO’s industrial gas business in Harrison, OH to our AWG team. Since 1945, F&M has provided an extensive array of products and services to a wide customer base across many states and countries. My thanks to Mr. Tim Fries for his faith in AWG and for the relationships our teams have developed. With this transaction, AWG will work closely with F&M MAFCO to provide gas products and services to this customer base while F&M Mafco continues to provide a wide range of rental and hardgoods offerings through their site services business model. AWG also looks forward to our partnership with F&M MAFCO as their preferred gas supplier in those areas where we do business together through their “StrikeForce” management program. I look forward to a prosperous future together.”
– Jason Krieger, President & CEO, AWG
“American Welding & Gas was the ideal choice when searching for the right channel to divest our cylinder and bulk gas business. Jason and his team have fostered a tremendous company culture committed to growing the business throughout the Southern Ohio region, providing our current team members with many opportunities for personal and professional growth. Additionally, AWG will be a key strategic partner for us as we expand our “StrikeForce” site-specific management program across North America to support our capital construction clients with indirect services for our small, large, and epic projects.” – Tim Fries, President & Chief Growth Office, F&M MAFCO, Inc.
AWG, headquartered in Raleigh, NC, operates 82 retail locations and 19 fill plants stretching from Kalispell, Montana to Orlando, Florida. Founded in 1949, AWG produces and distributes industrial, medical, and specialty gases.
About F&M MAFCO, an AMECO Company: Since 1945 and based in Cincinnati, F&M MAFCO is a leading international tool and equipment company with operations in Alabama; Indiana; Missouri; Nevada; North Carolina; West Virginia; Sheffield, United Kingdom; St. Croix; U.S. Virgin Islands; and Vancouver, Canada. The company specializes in providing tools and equipment rental, sales and service programs in the construction and heavy industrial markets across many segments, including power generation, manufacturing, petrochemical, chemical, bridges, marine and offshore, pulp and paper, and mining.