Skaff Cryogenics Inc (SCI) of Brentwood NH reached an agreement with FNF Gas Technology Products Pvt Ltd of Vadodara, India to be the exclusive supplier of FNF’s cryogenic products in the United States.
As part of the agreement, FNF will deliver semi-finished cryogenic tanks to SCI’s facility in New Hampshire, where SCI will perform all of the finishing work, including blasting, painting, and plumbing.
This agreement provides SCI with an opportunity to source high quality tanks to distribute to the company’s customers in the gas containment industry. The agreement also provides FNF with a strong distribution partner in the United States to sell its products manufactured in India. The exclusive distribution agreement is for three years.
Founded in 1978, SCI is a remanufacturer of cryogenic tanks and trailers and now will be able to provide new cryogenic tanks to the US market. SCI offers flexible purchasing options, including leasing.
FNF was formed in 2011 and is a joint venture between FIBA Technologies Inc and New Field Industrial Equipment Pvt. Ltd.
After years of manufacturing a range of pressure vessels in the United States—from low-pressure cryogenic tanks to high-pressure tube skids and trailers—FIBA partnered with New Field to restore focus on its cryogenic product line. The two companies formed a joint venture to manufacture horizontal and vertical stationary cryogenic tanks in India. Manufacturing commenced in autumn 2011, and the company produced and delivered its first shipment of cryogenic tanks to SCI in January 2012.