Air Liquide Completes Acquisition of Airgas - Modern Distribution Management

Log In

Air Liquide Completes Acquisition of Airgas

Combined businesses projected to generate annual sales of $22.4 billion.
Author
Date

Paris-based Air Liquide has completed its acquisition of Airgas Inc., Radnor, PA, which was announced last November.

Air Liquide bought Airgas for $10.3 billion, making the company the largest industrial gases and welding hardgoods distributor in the world. With debt, the deal was valued at $13.4 billion.

Globally, the combined businesses will generate annual sales of more than €20 billion (US$22.4 billion), employ approximately 68,000 people and serve well more than three million customers and patients.

"There is strong industrial and market logic to this acquisition, which ideally positions Air Liquide for future growth," said Air Liquide CEO Benoît Potier. "The two businesses are highly complementary, and the transaction extends our customer base through a unique, multi-channel distribution network and a nationwide presence in the U.S."

The deal closed faster than expected and is expected to shake up the gases & welding equipment sector.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.