MONTREAL - Air Liquide Canada, a subsidiary of Air Liquide Group, announced October 4th it has acquired substantially all of the assets of Unitec York Inc. and the Universal division of Stangl Holdings Limited (Unitec). Specializing in the distribution of industrial gases, welding equipment and propane, Unitec is a family-owned organization established in 1969 by Joe Stangl. Unitec has one filling plant located in Concord, Ontario, and 7 outlets mainly located in the Greater Toronto Area (GTA).
"We are very pleased with the acquisition of Unitec. It significantly strengthens our presence in the GTA, a market representing substantial growth potential, and creates immediate value as we have complementary customer bases," said Air Liquide Canada’s President and CEO, Luc Doyon. "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. Unitec’s reputation as a service-oriented and quality-conscious organization is a welcomed addition to Air Liquide Canada’s existing network."
Richard Stangl, son of founder Joe Stangl, will remain with the company in order to assist with the integration, ensure its development over the long term and to make the integrated network more efficient in Ontario.