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Air Products Acquires Air Liquide'S Industrial Gases Business In United Arab Emirates And Bahrain

PUBLIC · APDApr 12, 2022

Acquiring Company

Air Products

AllentownManufacturingEnergySustainabilityOil And GasRenewable Energy

Description

Air Products (NYSE:APD) announced that it has acquired Air Liquide's industrial gases business in the UAE, including liquid bulk, packaged gases and specialty gases; and Air Liquide's majority share in MECD, which owns and operates a liquid CO2 production facility in Bahrain. Financial terms are not being disclosed for the agreement.

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Company Information

Company

Air Products

Location

1940 Air Products Blvd.

Allentown, Pennsylvania, United States

About

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world's largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

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