M&A Deal Summary

Airgas Acquires Continental Nitrogen & Resources - Aqua Ammonia Operations

On May 21, 2007, Airgas acquired chemicals company Continental Nitrogen & Resources - Aqua Ammonia Operations from Continental Nitrogen & Resources

Acquisition Highlights
  • This is Airgas’ 4th transaction in the Chemicals sector.
  • This is Airgas’ 29th transaction in the United States.
  • This is Airgas’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2007-05-21
Target Continental Nitrogen & Resources - Aqua Ammonia Operations
Sector Chemicals
Buyer(s) Airgas
Sellers(s) Continental Nitrogen & Resources
Deal Type Divestiture

Target

Continental Nitrogen & Resources - Aqua Ammonia Operations

Rosemount, Minnesota, United States
Continental Nitrogen & Resources's Aqua Ammonia is a supplier of ammonia products.

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Buyer(S) 1

Buyer

Airgas

Radnor, Pennsylvania, United States

Category Company
Founded 1982
Sector Chemicals
Employees17,000
Revenue 5.3B USD (2016)
DESCRIPTION
Airgas distribution facility in Duluth, Minnesota.
Airgas distribution facility in Duluth, Minnesota.

Airgas is a supplier of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products. Airgas produces atmospheric gases with 16 air separation plants, carbon dioxide, dry ice, and nitrous oxide, as well as supplies safety products, and refrigerants, ammonia products, and process chemicals. Approximately 17,000 associates work in more than 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also markets its products and services through e-Business, catalog and telesales channels.


DEAL STATS #
Overall 29 of 74
Sector (Chemicals) 4 of 13
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 29 of 72
Year (2007) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-04 CFC Refimax

Atlanta, Georgia, United States

CFC Refimax LLC is a full-service refrigerant supplier and reclamation company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-30 Linde Gas USA

United States

Linde Gas USA LLC is a provider of packaged gas products.

Buy $310M

Seller(S) 1

SELLER

Continental Nitrogen & Resources

Rosemount, Minnesota, United States

Category Company
Founded 1972
Sector Distribution
DESCRIPTION

Continental Nitrogen & Resources Corp. is a distributor of nitrogen products and services.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1