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"The sale of this business unit is part of our global divestment program and our strategy to focus on our core businesses," stated MG Industries' spokesperson Michael Masha, vice president and chief financial officer of the U.S. affiliate of Messer Griesheim.
"This acquisition strengthens our base in central and eastern Canada and represents an excellent growth opportunity," said Patrick Jozon, President and Chief Operating Officer of Air Liquide Canada. "We expect it will generate significant benefits for customers, who will not only have access to the complete range of Air Liquide's expanded products and services offer, but will benefit from our e-business platform, our worldwide network of experts and our international research centers."
About Air Liquide Canada
Air Liquide Canada, a member of the worldwide Air Liquide group of companies, was founded in 1911. It currently employs 2,200 people in Canada. Air Liquide, celebrating its 100th anniversary this year, is the global leader in industrial and medical gases and related services. By staying at the vanguard of technological leadership, Air Liquide provides its customers all over the world with new products, services and solutions. Founded in 1902, Air Liquide has 130 subsidiaries in more than 65 countries and employs around 30,800 people. Sales in 2001 totaled $11.5 billion. Air Liquide is listed on the Paris Stock Exchange and is a component of the CAC 40 and the EuroStoxx 50 indices (Euroclear 12007).
About Messer Griesheim
Messer Griesheim is one of the world's leading industrial gas companies with annual sales of around $1.5 billion in 2001. Messer's core markets are in Europe and the United States. MG Industries, Messer's North American operation, has 1,000 employees and sales of $320 million. Messer offers innovative applications for a wide range of sectors, including the metals processing, chemicals, electronics, environmental and the food processing industries.