Praxair Inc acquiring Messer Italia SpA’s liquid, packaged gases businesses

Praxair to acquire Messer in Italy

7:03 AM, 13th March 2014
Praxair Inc  acquiring Messer Italia SpA’s liquid, packaged gases businesses

DANBURY, US: Praxair Inc has strengthened its position in Italy through the acquisition of Messer Italia SpA’s liquid carbon dioxide, oxygen, nitrogen and argon and packaged gases businesses. The businesses will be fully integrated into the operations of Praxair’s Italian joint venture, Rivoira S.p.A. Terms of the agreement were not disclosed.

In addition, Praxair sold its industrial gases operations in France to Messer France SAS. Praxair’s French operations included three air separation units and two packaged gas filling stations. Prior to this agreement, Praxair had a small industrial gases presence in France. This transaction enables the company to deliver on its stated strategy of investing in its core geographies.

“We continue to execute on our business strategy of building out production and distribution density in key geographies. We will seamlessly integrate these assets into current operations and drive productivity gains. Our expanded operations will also enable us to supply industrial gases to our customers across the country even more efficiently,” said Todd Skare, President, Praxair Europe.

 

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