Victor Technologies acquires Gas-Arc
Victor Technologies has acquired Gas-Arc Group Ltd., a manufacturer of gas control equipment based in the United Kingdom.
Victor paid approximately $40 million in cash. Gas-Arc's portfolio includes branded gas control products that meet specialty gas application requirements as well as cutting and welding equipment for the industrial, laboratory and medical gas control markets. Gas-Arc will continue to operate under its own name.
“Gas-Arc has shown an ability to anticipate changes in the market and innovate quickly, allowing customers to capitalize on the latest industrial, laboratory and medical opportunities,” said Martin Quinn, CEO of Victor Technologies. “In addition, Gas-Arc's manufacturing and testing facility in Diss, England, will increase our capability in delivering high quality products to the European market and strengthen our position as a leader in the high purity and medical gas control markets globally.”
John Gray, managing director of Gas-Arc, added, “Joining the Victor team enables us to realize our full growth potential, which in turn helps to secure the future for our valued and skilled employees while offering opportunities for our customers and suppliers. Both companies share a common vision: to provide innovative gas control solutions by collaborating with our end users.”
Headquartered in St. Louis, Victor Technologies provides cutting, gas control and specialty welding equipment. Irving Place Capital acquired Victor Technologies in 2010.
INDUSTRIAL SUPPLY MAGAZINE
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