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Business
Air Liquide Acquires Two Specialty Firms
October 8, 2007
| A version of this story appeared in
Volume 85, Issue 41
Air Liquide has reached agreements to acquire two specialty gases companies. The first, Scott Specialty Gases, is a supplier of gases for the medical, electronic, and analytical markets; it has 450 employees and annual sales of $88 million. Air Liquide says the deal will accelerate its growth in the U.S. specialty gases business, where annual sales are about $1.3 billion and are growing at 6% per year. The second acquisition is of Allied Healthcare, a U.K. supplier of home care and medical gases. Air Liquide is buying the firm for $72 million.
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