Pushing ahead as market leader in the provision of industrial and medical gases
Gulf Cryo, the leading manufacturer of industrial, medical and specialty gases in the Middle East has acquired International Industrial and Medical Liquid Gas Company based in Jordan, cementing its position as market leader in the country for the provision of industrial and medical gases.
Situated in the heart of Sahab Industrial City, the 5000 sqm site is the Gulf Cryo group’s second plant in Jordan. Primarily producing nitrous oxide (N20) and medical oxygen, the acquisition strengthens the diversity of Gulf Cryo’s product portfolio and significantly increasing its market share in the industrial and medical sector. Distribution links are also improved with a network of trusted distributors reaching across the whole of the country.
Chief executive Mr Naji Skaf said: “Our presence in Jordan traditionally specialised in bulk gases however in 2006 we acquired Jordan Gases Co. and established our presence on the packaged gases market. Now, we have reinforced our packaged gases position further with this latest acquisition. With continued investment in the country, we look forward to increased margins utilising our existing and acquired resources.”
The acquisition was confirmed this month for an undisclosed amount.