M&A Deal Summary

Air Products and Chemicals Acquires BOC Gazy Sp z o.o.

On April 30, 2007, Air Products and Chemicals acquired chemicals company BOC Gazy Sp z o.o. from The Linde Group for 370M EUR

Acquisition Highlights
  • This is Air Products and Chemicals’ 2nd transaction in the Chemicals sector.
  • This is Air Products and Chemicals’ 2nd largest (disclosed) transaction.
  • This is Air Products and Chemicals’ 1st transaction in Poland.

M&A Deal Summary

Date 2007-04-30
Target BOC Gazy Sp z o.o.
Sector Chemicals
Buyer(s) Air Products and Chemicals
Sellers(s) The Linde Group
Deal Type Divestiture
Deal Value 370M EUR

Target

BOC Gazy Sp z o.o.

Warsaw, Poland
BOC Gazy Sp z o.o. is a produces and supplies industrial gases.Company have five major industrial gas plants and six cylinder transfill facilities serving customers across a diverse range of industries, including chemicals, steel and base metals, among others.

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Buyer(S) 1

Buyer

Air Products and Chemicals

Allentown, Pennsylvania, United States

Category Company
Founded 1940
Sector Chemicals
Employees20,000
Revenue 12.6B USD (2023)
DESCRIPTION

Air Products and Chemicals serves energy, electronics, chemicals, steel, and manufacturing customers globally with a unique portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. The Company is a supplier of hydrogen and helium and has built leading positions in growth markets such as semiconductor materials, refinery hydrogen, natural gas liquefaction, and advanced coatings and adhesives. Air Products and Chemicals was incorporated in 1940 and is based in Allentown, Pennsylvania.


DEAL STATS #
Overall 4 of 18
Sector (Chemicals) 2 of 6
Type (Divestiture) 1 of 6
Country (Poland) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-02 Air Products - Amines Business

United States

Air Products - Amines Business is a producer of methylamines and methylamine derivatives.

Sell $211M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-24 Air Products High-Purity Process Chemicals

United States

Air Products High-Purity Process Chemicals engages in the production of Process Chemicals to provide customers with the high value products they demand.

Sell $75M

Seller(S) 1

SELLER

The Linde Group


Category Company
Founded 1879
Sector Engineering
DESCRIPTION

The Linde Group, registered as Linde AG is a multinational industrial gases and engineering company founded in Germany in 1879. It is the world's largest industrial gas company by market share as well as revenue.


DEAL STATS #
Overall 1 of 3
Sector (Chemicals) 1 of 2
Type (Divestiture) 1 of 3
Country (Poland) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1990-01-01 Chemogas NV

Grimbergen, Belgium

Chemogas NV is a provider of packaged chemical gases and related services. Chemogas also supplies natural refrigerant gases (like ammonia and propylene) and other specialty gases. Chemogas NV is one of the premier global providers of packaged Ethylene oxide to the medical sterilization industry, with exports to more than 70 countries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-14 Environmental Management

O'Fallon,, Missouri, United States

Environmental Management Corp. provides integrated solutions for water, wastewater, and other related assets.

Sell -