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Industrial gas vendor Air Liquide buys Unitec York for undisclosed amount

By The Canadian Press | October 04, 2011

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MONTREAL - Industrial gas distributor Air Liquide Canada said Tuesday its has bought Unitec York a gas, welding equipment and propane business, for an undisclosed amount.

The subsidiary of France-based industrial gas supplier Air Liquide Group said it will add privately owned Unitec York's filling plant in Concord, Ont., and seven outlets in the Toronto area to its stable of Canadian operations.

The acquisition "significantly strengthens our presence in the Greater Toronto Area, a market representing substantial growth potential, and creates immediate value as we have complementary customer bases," Air Liquide Canada president and CEO Luc Doyon said in a statement.

"In addition to enhancing our overall market position in Ontario, we will be able to count on employees who have extensive distribution expertise and knowledge of the GTA market."

Richard Stangl, son of founder Joe Stangl, will remain with the company in order to assist with the integration.

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