Linde Acquires One of the Largest Independent Packaged Gas Distributors in USA

Business Takeover Linde Acquires One of the Largest Independent Packaged Gas Distributors in USA

2023-01-09 Source: Press release Linde 1 min Reading Time

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Linde AG München

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Linde has taken over nexair which is one of the largest independent packaged gas distributors in the USA. The deal compliments the company’s existing packaged gas business and expands its footprint across the country.

The acquisition complements Linde’s existing packaged gas business and expands its footprint in a core and fast-growing geography across the southeastern United States.(Source: Linde) — The acquisition complements Linde’s existing packaged gas business and expands its footprint in a core and fast-growing geography across the southeastern United States.
(Source: Linde)

Woking/UK – Linde has acquired the remaining interests in nexair, one of the largest independent packaged gas distributors in the United States with 2022 sales of approximately 400 million dollars.

Linde’s wholly owned subsidiary Linde Gas & Equipment (LG&E) has held a minority interest in nexair since 2012. LG&E has now purchased the remaining 77.2 %. The acquisition complements Linde’s existing packaged gas business and expands its footprint in a core and fast-growing geography across the southeastern United States.

“This consolidation is consistent with our business strategy of increasing network density and reinvesting in opportunities that meet the investment criteria,” said Ben Glazer, President of LG&E. “We look forward to further strengthening our presence in the southeastern U.S. while serving our customers with the same level of reliability and quality that they have come to expect.”

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