Air Liquide is buying DIG Airgas — a distributor of industrial gases across sectors, including electronics and manufacturing, throughout South Korea.
Latest In Air Liquide
Air Liquide invests $150 million to expand Airgas' Tennessee facility, also supplying oxygen for LG Chem's battery plant.
That geographic segment includes gases and welding products distributor Airgas, which was No. 5 on MDM’s Top Industrial Distributors List.
The company said it will open the new center in Henderson to serve customers and retail branches in Western U.S. states.
The company said this year it will broaden its High School Welding Education Initiative, which includes 16 new schools.
For the first six months, the company’s gas and services segment — its largest, by far — grew 8% to US$12.3 billion.
Airgas said the program builds long-term relationships with local education leaders and Airgas welding and safety experts.
Air Liquide’s new investment coincides with a long-term supply agreement to serve Eastman Chemical Co. in the U.S.
Divestment would go toward satisfying conditions of Airgas acquisition.
Company acquires two gas and welding distributors.
Combined businesses projected to generate annual sales of $22.4 billion.
Mixed channel dynamics happening sooner than expected for industrial gases companies.
Acquisition of Airgas "on track" for closing in second quarter.
Deal's progress highlights busy month for gases & welding equipment sector.
