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Started By
Message
Air Liquide buys Airgas for $10.3 billion
Posted on 11/17/15 at 5:07 pm
Posted on 11/17/15 at 5:07 pm
Posted on 11/17/15 at 9:18 pm to TigerTatorTots
Sounds like a bunch of hot air
Posted on 11/18/15 at 8:38 am to TigerTatorTots
I've sold about 200 shares of Airgas stock over the past 3 years. Air Liquide is about to pay $143 a share
This post was edited on 11/18/15 at 8:41 am
Posted on 11/18/15 at 10:57 am to TigerTatorTots
(AL corporate employee here) Still a lot of approvals to go through for this to be "official" but this is huge. We would make up 98% of the industrial gas business in the U.S.
Posted on 11/18/15 at 11:23 am to TigerTatorTots
quote:
Holy smokes, major news in the industrial gas industry.
Understatement of the week.
This is big news.
Posted on 11/18/15 at 11:24 am to TigerTatorTots
I wonder when will they buy Air Solids to control the entire states of matter market.
Posted on 11/18/15 at 11:36 am to kballa6
This post was edited on 11/18/15 at 4:13 pm
Posted on 11/18/15 at 12:24 pm to kballa6
quote:
We would make up 98% of the industrial gas business in the U.S.
Where are you getting that figure? Correct me if I'm wrong but didn't AL have a fairly limited footprint in the US?
Airgas was the dominant supplier, but competitors like praxair and Air Products, and the hundreds of independents seemed to hold more than 2% of the market. The acquisition makes a lot of sense, the businesses are complementary to each other and it gives AL a foothold in the only market that they weren't dominating, which happens to be the largest market in the world
This post was edited on 11/18/15 at 12:26 pm
Posted on 11/18/15 at 12:30 pm to Riseupfromtherubble
(no message)
This post was edited on 12/3/15 at 3:00 pm
Posted on 11/18/15 at 12:31 pm to Riseupfromtherubble
Numbers provided internally by a few folks. Could be misleading or directed toward a specific business. They will increase our foothold in packaged industrial gases by a huge margin.
Posted on 11/18/15 at 12:33 pm to Shepherd88
Meaning current AL liquid bulk customers? While Airgas is predominantly cylinder gasses, they have a large and growing number of bulk liquid accounts as well.
Posted on 11/18/15 at 12:37 pm to kballa6
quote:
They will increase our foothold in packaged industrial gases by a huge margin.
Absolutely. Airgas is the largest packages gas supplier in the country, and exports to South America and the Caribbean
Posted on 11/18/15 at 12:45 pm to Riseupfromtherubble
Right bc with those combined accounts they would control too much of the liquid bulk market as I understood it.
Posted on 11/18/15 at 9:10 pm to kballa6
quote:I forgive your typo
We would make up 98% of the industrial gas business in the U.S.
Prax, Air Products, Linde, and MTG do not make up 2%
Posted on 11/18/15 at 9:12 pm to Shepherd88
(no message)
This post was edited on 11/19/15 at 1:06 pm
Posted on 11/18/15 at 11:52 pm to TigerTatorTots
quote:
We would make up 98% of the industrial gas business in the U.S.
quote:they are probably mixing up the figure that Airgas's market is 98% in the US. This is why it was so strategic for AL to get a stronger footing in the US market.
I forgive your typo
Posted on 11/19/15 at 8:14 am to Spirit of Dunson
Maybe Airgas was 98% of packaged gas market share. That still doesn't sound close to accurate. The "corporate" Air Liquide guy said 98% of industrial gases which is wayyyyy more than just packaged gases. Even so, 98% of packaged gases is still hard to believe when you have Gas and Supply, Red Ball, Wesco, National Welders Supply, Capital Welders, etc just in the gulf coast.
Airgas is dominant on a national level in packaged gases. It's just that 98% figure doesn't sound right in my experience.
Airgas is dominant on a national level in packaged gases. It's just that 98% figure doesn't sound right in my experience.
This post was edited on 11/19/15 at 8:17 am
Posted on 11/19/15 at 10:30 am to TigerTatorTots
(deleted)
This post was edited on 11/19/15 at 12:31 pm
Posted on 11/19/15 at 12:18 pm to TigerTatorTots
quote:that is because it isn't right. Several articles about the purchase note that Airgas's market is 98% in the US - noting the strategic play into the NA market by Air Liquide. I am sure this guy heard/read that stat and conflated it with Airgas has 98% of the NA market.
It's just that 98% figure doesn't sound right in my experience.
Posted on 11/19/15 at 12:28 pm to TigerTatorTots
Does this make them the largest gas producer in the world?
And all this time my wife thought it was me.
And all this time my wife thought it was me.
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