- April 3, 2026
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TAMPA — MagneGas Corp. has signed a letter of intent to purchase an industrial gas distribution company in the Tampa Bay area. While not releasing its name, MagneGas says the more than 20-year-old distribution firm has estimated 2014 gross revenues of about $2 million. Further, its says the company is one of the largest independently owned gas distribution firms in the area selling a wide range of welding-gas products and services.