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Air Products acquired a 25 percent stake in the company in 1998 and became the majority shareholder in 2008. The company supplies cryogenic and specialist gases to customer's in science, leisure and general industry.
"This acquisition demonstrates Air Products sustained commitment to our integrated industrial gas model as a means of creating higher growth and profitability," said Ivo Bols, Air Products' vice president and general manager, Merchant Gases – Europe. "Complementing our existing Tonnage, Liquid Bulk and Packaged Gases businesses, the addition of CryoService's microbulk provides us with an even stronger ability to serve our customers' needs by offering them a choice of all modes of supply."