Iwatani Corporation of America acquires Aspen Air US, LLC Iwatani Enters the US Industrial Gases Market

HOUSTON, Jan. 4, 2023 /PRNewswire/ — Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation (8088: Tokyo Stock Exchange) today announced that it has acquired Aspen Air U.S., LLC based in Billings, Montana. Financial terms of the transaction were not disclosed.

Aspen Air is a leading manufacturer and distributor of bulk liquid industrial gases in Montana and the surrounding States. Aspen Air supports a diverse industrial and medical base of customers including those in the energy and chemicals sectors, hospitals, and the very important packaged gases and independent distributor network.

“Aspen Air is recognized for its commitment to safety and reliable supply to its customers. This acquisition marks Iwatani’s entrance into the U.S. Industrial Gases sector and reflects its focus on supporting customers in underserved markets” said Joseph S. Cappello, CEO of Iwatani Corporation of America.

Tom Harrison, Iwatani Corporation of America’s Vice President

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