December 10, 2007
Wind Point Partners, a private equity investment firm, has announced the acquisition of the Harsco GasServ group of gas technology businesses from Harsco Corp. The acquisition includes Taylor-Wharton, compressed gas cylinders and cryogenic storage vessels; American Welding & Tank, propane tanks; Structural Composites Industries, filament-wrapped composite cylinders; and Sherwood precision valve products. The four complementary businesses will operate collectively as Taylor-Wharton International (TWI).
Robert E. Gadomski has been appointed to the position of Chief Executive Officer for TWI. The majority of the existing management team will remain in place as TWI's management team. Gadomski worked at Air Products and Chemicals Inc. for 34 years, most recently, as the executive vice president of the Gases and Equipment Group. He spent the last three years consulting and teaching in a university.
Taylor-Wharton International operates 19 manufacturing, sales, warehouse, and service facilities in six countries and markets its products in over 80 countries worldwide.