Who Acquired Airgas?
Air Liquide, a global leader in industrial gases, acquired Airgas. This significant transaction was finalized and announced on May 23, 2016, making Airgas a wholly owned subsidiary of Air Liquide.
A Strategic Acquisition: Air Liquide and Airgas
The acquisition of Airgas by Air Liquide marked a major consolidation in the industrial gas sector. Air Liquide, headquartered in France, expanded its presence significantly in the North American market through this strategic move. Airgas, known as the leading distributor of industrial, medical, and specialty gases in the United States, complemented Air Liquide's global operations and technological expertise.
Key Details of the Acquisition
The acquisition brought together two major players, creating a stronger entity in the global industrial gas industry.
| Aspect | Detail |
|---|---|
| Acquirer | Air Liquide |
| Acquired Company | Airgas |
| Finalization Date | May 23, 2016 |
| Current Status | Airgas operates as a wholly owned subsidiary of Air Liquide. |
| Market Impact | Strengthened Air Liquide's position in North America and globally. |
Impact and Synergies
This acquisition enabled Air Liquide to:
- Enhance its market share: Particularly in the highly competitive North American market.
- Expand its product portfolio: Integrating Airgas's comprehensive distribution network and product offerings, which include bulk gases, hardgoods, and safety products.
- Achieve operational efficiencies: Through combined logistics, supply chains, and technological advancements.
- Serve a broader customer base: From large industrial clients to small businesses and individual users.
The integration of Airgas into Air Liquide's global operations has allowed for a streamlined approach to serving diverse industries, including healthcare, manufacturing, electronics, and energy. Airgas continues to operate under its brand, benefiting from the global resources and innovation capabilities of Air Liquide.
