Air Liquide completes acquisition of Airgas
PARIS -- Air Liquide has announced that it completed the acquisition of Airgas, Inc., a supplier of industrial gases and associated products and services. The combined businesses will generate annual sales of more than $22 billion, employ approximately 68,000 people around the world, and serve well over three million customers and patients.
Under the terms of the merger agreement, first announced and unanimously approved by each company's board of directors in November 2015, Airgas shareholders receive $143 in cash for each share of common stock of Airgas. In connection with the merger, the Airgas common stock has been delisted from the New York Stock Exchange. Airgas will operate as a subsidiary of Air Liquide within the company’s U.S. operations and, commercially, will go to market as Airgas, an Air Liquide company.
