Airgas-Acquisition Air Liquide Completes Acquisition of Airgas

Editor: Wolfgang Ernhofer

Air Liquide announced that it has completed the acquisition of Airgas, one of the leading suppliers of industrial gases and associated products and services in the U.S. Globally, the combined businesses will generate annual sales of more than €20 billion and employ approximately 68,000 people around the world.

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(Picture: Air Liquide)

Paris/France; Radnor, Pennsylvania/USA – Under the terms of the merger agreement, first announced and unanimously approved by each company's Board of Directors in November 2015, Airgas shareholders receive $143 in cash for each share of common stock of Airgas. In connection with the merger, the Airgas common stock has been delisted from the New York Stock Exchange. Airgas will operate as a subsidiary of Air Liquide within the company’s U.S. operations and, commercially, will go to market as Airgas, an Air Liquide company..