Volume 93 Issue 46 | p. 8 | News of The Week
Issue Date: November 23, 2015 | Web Date: November 19, 2015

Air Liquide To Buy Airgas

Acquisitions: Purchase will create world’s largest industrial gases company
Department: Business
Keywords: industrial gases, mergers, acquisitions, France

In a move that will make it the world’s largest industrial gas supplier and augment its U.S. presence, Air Liquide has agreed to purchase its smaller rival Airgas in a deal worth $13.4 billion.

Air Liquide is the world’s second-largest industrial gas company, just behind Germany’s Linde. The French firm had $20.4 billion in overall sales in 2014 and $3.5 billion in operating profits. Airgas had sales of $5.3 billion and operating profits of $641 . . .

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