M&A Deal Summary

Praxair Acquires Air Liquide - Industrial Gas Business

On December 3, 2004, Praxair acquired distribution company Air Liquide - Industrial Gas Business from L Air Liquide for 497M EUR

Acquisition Highlights
  • This is Praxair’s 8th transaction in the Distribution sector.
  • This is Praxair’s 2nd largest (disclosed) transaction.
  • This is Praxair’s 2nd transaction in Germany.

M&A Deal Summary

Date 2004-12-03
Target Air Liquide - Industrial Gas Business
Sector Distribution
Buyer(s) Praxair
Sellers(s) L Air Liquide
Deal Type Divestiture
Deal Value 497M EUR

Target

Air Liquide - Industrial Gas Business

Germany
Air Liquide - Industrial Gas Business is a distribution and packaged gas services.

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Buyer(S) 1

Buyer

Praxair

Danbury, Connecticut, United States

website


Category Company
Founded 1907
Sector Chemicals
Revenue 10.5B USD (2016)
DESCRIPTION
View of Praxair's corporate headquarters in Danbury, Connecticut.
View of Praxair's corporate headquarters in Danbury, Connecticut.

Praxair is an industrial gases company that produces, sells, and distributes atmospheric and process gases, and high-performance surface coatings. The company's products, services, and technologies serve a variety of industries including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals, and others. Praxair was formed in 1907 and is based in Danbury, Connecticut.


DEAL STATS #
Overall 17 of 58
Sector (Distribution) 8 of 33
Type (Divestiture) 3 of 7
Country (Germany) 2 of 2
Year (2004) 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-10 Home Care Supply

Beaumont, Texas, United States

Home Care Supply, Inc. is a provider of durable medical, respiratory therapy and rehabilitation equipment and supplies to home-bound patients. Harvest partnered with the senior executives of a successful prior portfolio company, Taylor Medical, to form Home Care Supply in 1998.

Buy $245M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-03 Constar - Packaged Gas Business

Norcross, Georgia, United States

Constar - Packaged Gas Business is a provider of distribution and packaged gas businesses.

Buy -

Seller(S) 1

SELLER

L Air Liquide

Paris, France

website


Category Company
Founded 1902
Sector Chemicals
Employees67,109
Revenue 29.9B EUR (2022)
DESCRIPTION
Air Liquide office in Houston, Texas.
Air Liquide office in Houston, Texas.

L'Air Liquide is a global provider of gases. Products include oxygen, nitrogen, hydrogen and specialty gases. L'Air Liquide was formed in 1902 and is based Paris, France.


DEAL STATS #
Overall 1 of 11
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 10
Country (Germany) 1 of 2
Year (2004) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-13 Messer Griesheim Industries Canada

Mississauga, Ontario, Canada

Messer Griesheim Industries Canada, Inc. is a distributor of industrial cylinder, bulk and gases.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-31 Linde Gases

Barueri, Brazil

Linde Gases Ltda. is a provider in Industrial Gases, Medical and Engineering, with about 62,000 employees and operations in more than 100 countries.

Buy -