Air Water Inc. in Japan, announced today that its subsidiary Air Water America Inc. (headquartered in New Jersey, USA,) acquired 100% of the of equity of Phoenix Welding Supply LLC. (PWS) on April 28, 2023. PWS is leading independent gas and welding products distributor in Arizona with nine serving locations. Air Water Inc. is currently involved in the distribution of industrial gas in the USA a key market in its global gases business. This acquisition in the Southwest adds a third operating region in the USA for Air Water America, Inc. supplementing Air Water’s existing business in the Northeastern and Midwestern USA.

1. Overview
An area of high economic growth, Arizona, is the current destination for world-class enterprises in the semiconductor, Aerospace, and IT industries. In high-tech industries, there have been many large-scale investments in the area, including the construction of cutting-edge semiconductor plants by leading semiconductor manufacturers.

Since its founding in 1953, PWS has had a diverse customer base and has developed a sales infrastructure providing industrial gas and equipment, all while supporting regional industries and welding solution services. Through PWS, the Air Water Group will enhance its presence in the southwestern USA and be in a position to support the increase in industrial gas demand due to market expansion and capital investments of industries like semiconductor and electric vehicle manufacturers, aiming to build a business foundation for the development of the North American market.

2. Air Water Group's Business Locations in North America

3. Phoenix's corporate profile
 (1)Company Name: Phoenix Welding Supply LLC.
 (2)Head office: Phoenix, Arizona, USA
 (3)Managing Director: Fred Clark
 (4)Established: 1953
 (5)Shareholder: Air Water America (100%) 
 (6)Net sales: approx. 20.7 million US$ (Fiscal Year 2022)
 (7)Number of employees: 60

[Contact for inquiries]
Corporate Communications, Air Water Inc.