MOSCOW (MRC) -- Air Liquide announced that it has entered into an agreement to sell certain assets in the United States to Matheson Tri-Gas, Inc. (Matheson), a subsidiary of Taiyo Nippon Sanso Corporation of Tokyo, Japan, said the company on its site.
Under the terms of the purchase agreements, Matheson will acquire the following assets from Air Liquide:
Eighteen air separation units in sixteen locations;
Two nitrous oxide production facilities;
Four liquid carbon dioxide production facilities in four states, including two dry ice production facilities;
Three Airgas retail packaged welding gas stores in Alaska.
In addition, Air Liquide is currently in negotiations to sell two of its facilities in Iowa that produce both liquid carbon dioxide and dry ice, which are the remaining assets ordered by the FTC to be divested in connection with Air Liquide’s acquisition of Airgas.
As previously indicated, all assets to be sold under these divestitures generated revenues of approximately $270 million for the year ended December 31, 2015. The Matheson transaction and the sale transaction for the Iowa plants remain subject to FTC approval and are expected to close in the third quarter of this year.
As MRC informed earlier, Air Liquide finalised on 23 May the acquisition of US peer Airgas.
L'Air Liquide S.A., or Air Liquide, is a French multinational company which supplies industrial gases and services to various industries including medical, chemical and electronic manufacturers.
MRC