M&A Deal Summary

Airgas Acquires Linde Gas USA

On June 30, 2007, Airgas acquired chemicals company Linde Gas USA from Linde for 310M USD

Acquisition Highlights
  • This is Airgas’ 5th transaction in the Chemicals sector.
  • This is Airgas’ largest (disclosed) transaction.
  • This is Airgas’ 30th transaction in the United States.

M&A Deal Summary

Date 2007-06-30
Target Linde Gas USA
Sector Chemicals
Buyer(s) Airgas
Sellers(s) Linde
Deal Type Add-on Acquisition
Deal Value 310M USD

Target

Linde Gas USA

United States
Linde Gas USA LLC is a provider of packaged gas 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 30 of 74
Sector (Chemicals) 5 of 13
Type (Add-on Acquisition) 29 of 73
Country (United States) 30 of 72
Year (2007) 3 of 9
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-21 Continental Nitrogen & Resources - Aqua Ammonia Operations

Rosemount, Minnesota, United States

Continental Nitrogen & Resources's Aqua Ammonia is a supplier of ammonia products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-02 Lehner & Martin

Santa Ana, California, United States

Lehner & Martin, Inc. is an industrial gas and welding supply distributor.

Buy -

Seller(S) 1

SELLER

Linde

Woking, United Kingdom

Category Company
Founded 1879
Sector Chemicals
Employees66,195
Revenue 32.9B USD (2023)
DESCRIPTION

Linde is an international industrial gas and engineering company that offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants. Linde was founded in 1879 and is based in Woking, United Kingdom.


DEAL STATS #
Overall 3 of 7
Sector (Chemicals) 2 of 4
Type (Add-on Acquisition) 1 of 1
Country (United States) 1 of 2
Year (2007) 3 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-12 Edwards Group

Crawley, United Kingdom

Edwards is a leading supplier of integrated solutions for the manufacture of microelectronics devices, including semiconductors and flat panel displays. It is also a world leader in vacuum technology for industrial, scientific, process, and R&D applications. Edwards employs around 4,000 people globally, in the design, manufacture and support of high technology vacuum equipment.

Sell €685M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-02 Lincare Holdings

Clearwater, Florida, United States

Lincare was founded on the belief that through patient education and clinical support, we can improve patient compliance with physicians' prescribed therapies, resulting in a better quality of life.

Buy $3.8B