Home » Praxair to Buy Linde's Gases Business in Mexico
Praxair to Buy Linde's Gases Business in Mexico
February 23, 2007
Praxair Inc., Danbury, CT, has agreed to buy The Linde Group's industrial and medical gases business in Mexico. Linde's Mexican business operates under the name of AGA S.A. de C.V. The transaction excludes the Mexican assets of the BOC Group, which Linde acquired as part of its acquisition of BOC.
The sale of Linde's Mexican business is part of a mutual agreement between Praxair and Linde under which Linde acquired the Turkey-based industrial gases producer Karbogaz A. S. in July 2006. Karbogaz was formerly a joint venture company between Praxair and Ismail Aytemiz of Istanbul, Turkey.
AGA S.A. de C.V. has sales of about $75 million in fiscal 2006.
The acquisition of AGA S.A. de C.V. will increase our presence in the metropolitan area of Mexico City and place Praxair Mexico in a position to maintain its strong sales growth in the years ahead," said Eduardo Menezes, managing director, Praxair Mexico.
The Linde Group is in around 70 countries worldwide. With the acquisition of The BOC Group, the company has gases and engineering sales of 12 billion euros.
Praxair, Inc., an industrial gases company in North and South America, had 2006 sales of $8.3 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings.