Matheson Tri-Gas (Matheson) has announced that it has completed its acquisition of certain US assets divested by Air Liquide. The transaction was first announced on 24 June 2016.
In the transaction, Matheson acquired 18 air separation units, two nitrous oxide plants, and four carbon dioxide plants and other related assets of Air Liquide. The transaction also included three Airgas retail stores in Alaska.
The sale of these assets was required by the US Federal Trade Commission (FTC) in connection with Air Liquide’s recently closed acquisition of Airgas.
“We are pleased to close the acquisition phase and we can now focus entirely on the ongoing business integration of these new assets.” stated Scott Kallman, Matheson President and CEO. “Current and future customers will benefit from Matheson’s additional capacity and coverage.”“Most important,” says Kallman, “is that today we can officially welcome our new teammates to the Matheson team.”
Adapted from press release by Francesca Brindle
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/09092016/matheson-acquires-assets-from-air-liquide-4054/