August 7, 2023
Bedminster, NJ, August 7, 2023 — Air Water America Inc., a subsidiary of Air Water Inc., announced today (August 7, 2023) that it has acquired Phoenix Welding Supply LLC (PWS), a leading independent gas and welding products distributor in Arizona.
Formed in 1953, PWS began serving the beverage, industrial, and manufacturing industries. The company’s headquarters and primary cylinder filling plant are in Phoenix, with eight additional locations in the Arizona market.
“We are excited to become part of Air Water America, Inc. and continue our legacy of excellence in the industrial gas market. Our customers can rest assured that they will continue to receive the same level of quality and service they have come to expect from PWS, while also benefiting from Air Water’s resources and expertise.” said Michael Dye, former CEO, and owner of PWS.
“The acquisition of Phoenix Welding Supply by Air Water America has contributed innovation, talent, and technology to our business resulting in a stronger and more robust business plan while paving the way for substantial growth and profitability for the business” said Fred Clark, Managing Director of PWS.
North America is one of the key growth areas for Air Water Inc. globally. In the past 5 years, Air Water America has made significant investments in the industrial gas and equipment area, acquiring Taylor-Wharton, TOMCO2 Systems, Cryogenic Vessels Alternative (CVA), 80% of Dohmeyer Cryogenics, CO2 Air, and a $50 million equity investment in First Element Fuels. Air Water Inc. also acquired Noble Gas Solutions in 2022, another leading independent welding and gas distributor serving the New York market. Air Water America’s product offerings serve the semiconductor, chemistry, food & beverage, pharmaceuticals & biosciences, energy, metals & glass, and industrial manufacturing industries,” said Air Water America President and CEO, Hiroyuki Minesaka. “We’re excited to welcome the Phoenix Welding Supply team to the Air Water Group and look forward to working together to serve the area’s customers.”
About Air Water Group
Air Water America, Inc. is a wholly owned subsidiary of Air Water, Inc. (“Air Water Japan”). Established in 1929, Air Water Japan has continued to grow in the manufacturing and supply of industrial gases and related services for over 90 years. Air Water Japan has developed its own engineering capability to design, manufacture and operate air separation units and non-cryogenic air separation plants. Air Water Japan has successfully managed industrial gas businesses and expanded product supply and service capability throughout Japan, becoming a leader in the market. In the past few years, Air Water Japan also increased its presence in the U.S., India, and Asian markets.
Since its incorporation, Air Water Japan, and its group entities (“Air Water Group”) have expanded its businesses and provided consistent growth in revenues. Air Water Japan lists its common stock on the Tokyo Stock Exchange and Sapporo Stock Exchange. Air Water Group employs more than 20,000 people around the world and has annual net sales of approximately 1,005 billion yen (equivalent to USD 7.2 billion) on a consolidated basis for the fiscal year ending March 31, 2023.
Visit Air Water website at www.awi.co.jp/en/index.html
