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re: Air Liquide buys Airgas for $10.3 billion
Posted on 11/18/15 at 10:57 am to TigerTatorTots
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.
3
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 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%
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