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Message
re: Air Liquide buys Airgas for $10.3 billion
Posted on 11/18/15 at 12:24 pm to kballa6
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
2
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.
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