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Praxair Acquires Italian Gases Businesses

Praxair, Inc. (NYSE: PX), Danbury, CT, has acquired Messer Italia S.p.A’s liquid carbon dioxide, oxygen, nitrogen and argon and packaged gases businesses. The businesses will be fully integrated into the operations of Praxair’s Italian joint venture, Rivoira S.p.A.

Terms of the agreement were not disclosed.

“We continue to execute on our business strategy of building out production and distribution density in key geographies,” said Todd Skare, president, Praxair Europe. “Our expanded operations will also enable us to supply industrial gases to our customers across the country even more efficiently.”

In addition, Praxair sold its industrial gases operations in France to Messer France SAS. Prior to this agreement, Praxair had a small industrial gases presence in France. This transaction enables the company to deliver on its stated strategy of investing in its core geographies.

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