Airgas to Buy Linde's U.S. Bulk Gas Business for $495M
Product DetailsAirgas, Inc., Radnor, PA, has agreed to buy the U.S. bulk gas business that Linde AG is required to divest after its acquisition of The BOC Group. Airgas will pay $495 million in cash for eight air separation units and related bulk gas business, which generated $154 million in revenues at the end of the year Dec. 31, 2005.
The bulk gas divestiture will comply with one of the conditions imposed by the U.S. Federal Trade Commission when it approved Linde's acquisition of BOC, which was completed on September 5, 2006.
Revenues for the nine month period ended Sept. 30, 2006, increased 10% to $126 million.
The eight ASU plants to be acquired are located in Canton and Dayton, OH; Madison and Waukesha, WI; Carrolton and Jefferson, GA; Bozrah, CT; and ...