Matheson TriGas

What Matheson TriGas does

Matheson TriGas (legal name Nippon Sanso Matheson, Inc.) is the US operating subsidiary of Nippon Sanso Holdings (TSE: 4091), one of the four largest industrial gas companies globally. The company, founded in 1927 and headquartered in Basking Ridge, NJ, produces and distributes industrial gases (oxygen, nitrogen, argon, hydrogen), medical-grade gases, specialty gases, helium, and electronic materials in bulk and cylinder formats. Its infrastructure includes air separation units, on-site nitrogen generation systems, pipeline gas delivery, and a network of physical retail/warehouse locations for cylinder pickup. Product lines span proprietary platforms such as NANOCHEM® ultrapurification systems, Astra™ on-site nitrogen generators, HyCO syngas systems, and smart IoT monitoring devices, supported by engineering services and Total Gas Cylinder Management (TGCM). Revenue is generated through a combination of bulk/cylinder gas sales, equipment and hardgoods, engineering services, and managed on-site supply contracts across eight primary verticals: metal fabrication (primary), medical/healthcare (primary), electronics (primary), food and beverage (primary), energy/chemical, aerospace, laboratory, and additive manufacturing. Capital is allocated defensively, with consistent capacity expansion (e.g., new Las Vegas air separation plant announced 2025-08-22), continued acquisition activity (Linweld 2006, Valley National Gases 2009, Sims Welding Supply 2015), and integration under the unified Nippon Sanso Matheson brand. Customer acquisition runs through a three-tier GTM model: enterprise direct sales for large bulk and on-site accounts, mid-market sales via the store locator network, and e-commerce SMB/individual purchasing through the company storefront.

Name

Matheson TriGas

Legal name

Nippon Sanso Matheson, Inc.

Website

https://mathesongas.com

Company type

Private

Founded year

1927

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Matheson TriGas (Nippon Sanso Matheson, Inc.) is the US operating subsidiary of Nippon Sanso Holdings that produces and distributes industrial, medical, and specialty gases, operates air separation plants, and supplies gas equipment and engineering services to metal fabrication, healthcare, electronics, and food processing customers.

Ownership category

akta.pro rank

Product category

Industrial Gases

NAICS

Industrial Gas Manufacturing (32512), Pump and Compressor Manufacturing (33391), Other General Purpose Machinery Manufacturing (3339)

SIC

Wholesale-Industrial Machinery & Equipment (5084), Wholesale-Machinery, Equipment & Supplies (5080)

akta.pro primary industry

Industrial Gas & Air Separation Equipment (ASU, PSA, Cryogenic Systems) (IMAHAEAI)

akta.pro secondary industries

On-Site Gas Generation Systems (IMAEACAJ), Gas Handling Equipment & Storage (Cylinders/Tanks/Valves) (IMAEACAL), Welding & Cutting Gases (IMAEACAH), Process Gases & Gas Delivery Consumables (Specialty/Bulk/UHP) (HDAHAGAL)

Keywords

• Industrial gas supply
• Specialty gas products
• Medical gas distribution
• Gas handling equipment
• On-site gas generation

Headquarters

HQ city

Basking Ridge

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Gas Sales: Sale of industrial gases including nitrogen, oxygen, argon, and specialty gases in bulk and cylinder formats
2. Gas Equipment Sales: Sale of gas handling equipment including regulators, flow measurement devices, filters, purifiers, and gas detection systems
3. Air Separation Plant Operations: Construction and operation of air separation plants for on-site gas production

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Matheson TriGas manufactures and distributes atmospheric, industrial, specialty, and medical gases in cylinder and bulk form to commercial and institutional customers. The company also engineers and supplies gas-handling equipment (regulators, manifolds, purifiers), on-site gas generation systems (Astra™ nitrogen/hydrogen, HyCO syngas), and outsourced Total Gas & Chemical Management (TGCM) site services.

Product overview

Nippon Sanso Matheson (operating as Matheson TriGas) operates as an industrial and packaged gas company offering a comprehensive portfolio of gases, gas equipment, and related services. The core offerings include bulk and cylinder gas solutions (industrial gases, medical gases, specialty gases), gas equipment (regulators, flow measurement, gas handling, filters/purifiers including NANOCHEM® Purifiers, gas detection, smart devices, custom manufacturing), and plant engineering services (Astra™ Onsite Nitrogen Generators, HyCO syngas, Air Separation, Pipeline Gas Delivery, Site Services/TGCM, Engineering Services). The company serves diverse industries including metal fabrication, additive manufacturing, food freezing/preservation, medical/healthcare, biotechnology, electronics, laboratory, aerospace, and construction. The product architecture follows a platform-plus-services model where gas supply is complemented by equipment, monitoring technology, and on-site plant services.

Differentiator

Problem solved

Functional benefit

Brands

• Astra: Onsite nitrogen generators product line
• NANOCHEM
• LungFit

Products and services

• Industrial and atmospheric gases (oxygen, nitrogen, argon, CO2, hydrogen, acetylene, helium)
• Medical gases (medical oxygen, nitrous oxide, medical air and NF-grade gases)
• Specialty and calibration gas mixtures
• Gas handling equipment (regulators, manifolds, flowmeters) Equipment used to control, regulate, and distribute gases in industrial and laboratory settings.
• NANOCHEM® gas purifiers Proprietary point-of-use purifiers that remove residual impurities from gases and liquids for ultra-high-purity applications.
• Astra™ on-site nitrogen and hydrogen generators On-site nitrogen and hydrogen generation systems for customers that prefer in-house production over delivered gas.
• HyCO syngas and hydrogen supply systems On-site hydrogen, carbon monoxide, and syngas production and supply for refining and chemical customers.
• Total Gas & Chemical Management (TGCM) site services Outsourced site-management service in which Matheson operates a customer's gas and chemical infrastructure on their behalf.

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Nippon Sanso HoldingscoreStrategic or Co-development PartnerMatheson TriGas operates as an affiliate company under Nippon Sanso Holdings, one of the world's largest industrial gas companies. This parent-subsidiary relationship provides global resources, technical expertise, and operational scale while maintaining local market presence in North America.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Air Liquide: Global #2 industrial gas major with large US operations (Air Liquide USA). Directly competes with Matheson in merchant gas, on-site supply, electronics gases, and healthcare gases across the same customer base.
• Linde plc: Global #1 industrial gas company following the Praxair–Linde AG merger. Linde operates a dominant US bulk/pipeline network that competes head-to-head with Matheson across all major end markets.
• Air Products and Chemicals: Global #3 industrial gas major with a substantial US merchant, on-site, and hydrogen/syngas business. Directly comparable to Matheson's HyCO syngas and on-site supply offerings.
• Messer Americas: US arm of privately held Messer Group, the world's largest privately held industrial gas company. Closest direct competitor to Matheson given similar size, US-centric footprint, and full portfolio offering.

Regional players

• Iwatani Corporation: Japanese industrial gas and hydrogen energy company. Comparable in product portfolio (bulk gases, specialty gases, on-site) but operates primarily in Japan/US West Coast with a hydrogen focus.
• Resonac Holdings (formerly Showa Denko): Japanese chemical and specialty gas company with global electronic materials/gases operations (including high-purity gases for semiconductors). Comparable in specialty/electronic gas positioning.
• Yingde Gases Group: China's largest independent industrial gas supplier. Comparable on-site generation and merchant gas model, though primarily serving the China market — useful for sizing comparable industrial gas economics.

Broad incumbents

• Chart Industries: US-based manufacturer of cryogenic equipment and industrial gas processing technology. Adjacent peer — supplies ASU/cryogenic hardware and competes in some on-site generation opportunities.

Emerging players

• Hangzhou Hangyang: Chinese ASU equipment manufacturer and on-site gas supplier. Comparable in air separation technology and on-site supply model, primarily serving Chinese industrial gas market.

Others

• Cryoport Systems: US cryogenic logistics and supply-chain services provider. Tangentially related — operates in cryogenic supply chain adjacent to Matheson's specialty/cryogenic gas distribution business.

Market position

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/mathesongas
• Facebookfacebook.com/mathesonwelding
• LinkedInlinkedin.com/company/matheson-tri-gas

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Matheson TriGas