The 2020 Mid-Year Economic Update_long

Airgas to Buy Linde’s U.S. Bulk Gas Business for $495M

Airgas, 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 Rock Hill, SC.  Airgas will manage the acquired ASUs as part of a new business unit, Airgas Merchant Gases, which will centrally manage production, sourcing, applications support and logistics, working closely with bulk gas sales specialists within the Airgas regional companies.  Airgas Merchant Gases will eventually manage existing Airgas ASUs and the planned one in Carrollton, KY.

Most of the plants are in the Eastern U.S.

The acquired bulk business will include sales of nitrogen, oxygen, and argon produced at the plants, as well as helium, hydrogen and carbon dioxide bulk sales to the plants’ customers.  The acquisition will include delivery vehicles, bulk tanks, and related infrastructure, as well as sales, operations, and engineering staff who support the business.

Related Links:
Airgas Acquires Most of Union Industrial Gas Group

More Breaking News

About the Author
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.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

Want more Premium content from MDM?

Subscribe today and get:

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


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 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



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
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

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