Air Products recently acquired two overseas industrial gas businesses from Air Liquide.
The pickups include Air Liquide Emirates for Industrial Gases (ALEMIR) and Orca Industrial Gases, which contain Air Liquide’s liquid bulk, packaged gases, and specialty gases business units in the United Arab Emirates (UAE); and Air Liquide’s majority share in Middle East Carbon Dioxide, a joint venture with ALMO Holdings that owns and operates a liquid carbon dioxide (CO2) production facility in Bahrain, according to Air Products.
Financial terms were not disclosed.
“The acquisition builds on many years of good experience working in and serving customers in the Middle East and supports our growth strategy for the region,” said Hamid Sabzikari, vice president and general manager for Air Products Industrial Gases Middle East in Egypt and Turkey.
“It is yet another example of how Air Products is building and strengthening its industrial gas business in the Middle East. In acquiring these businesses, we have further expanded our footprint and regional presence in the UAE and Bahrain, strengthened our product sourcing and reliability, and welcomed talented and dedicated people into our Middle East organization who are passionate about serving local customers.”