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M&A Deal Summary

Praxair Acquires Yara International - European CO2 Business

On September 15, 2015, Praxair acquired chemicals company Yara International - European CO2 Business from Yara International

Acquisition Highlights
  • This is Praxair’s 11th transaction in the Chemicals sector.
  • This is Praxair’s 1st transaction in Norway.

M&A Deal Summary
Date 2015-09-15
Target Yara International - European CO2 Business
Sector Chemicals
Buyer(s) Praxair
Sellers(s) Yara International
Deal Type Divestiture

Target

Yara International - European CO2 Business

Norway
Yara’s European CO2 business sold approximately 850,000 metric tons of liquid CO2 and 50,000 metric tons of dry ice primarily to the food and beverage industries, and generated revenues of 112 million euros. The business operates five CO2 liquefaction plants, three large CO2 shipping vessels, seven shipping terminals and six dry ice production facilities across the UK, Ireland, Scandinavia, Northern Europe and Italy.

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Buyer(S) 1

Buyer

Praxair

Danbury, Connecticut, United States
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 51 of 58
Sector: Chemicals 11 of 12
Type: Divestiture 7 of 7
Country: Norway 1 of 1
Year: 2015 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-09 Cryospec

San Francisco, California, United States

Cryospec, Inc. is a provider of cryogenics, specialty, electronic, and medical gases.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-24 Tecnogas SA

Callao, Peru

Tecnogas SA is a local producer and distributor of carbon dioxide and industrial gases.

Buy -

Seller(S) 1

SELLER

Yara International

Oslo, Norway
Category Company
Founded 1905
Sector Chemicals
Employees17,342
Revenue 15.4B USD (2023)
DESCRIPTION

Yara International is an entity which manufactures nitrogen chemicals worldwide. Yara was founded in 1905 and is based in Oslo, Norway.

DEAL STATS #
Overall 4 of 6
Sector: Chemicals 3 of 4
Type: Divestiture 2 of 3
Country: Norway 1 of 1
Year: 2015 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 GrowHow UK

Chester, United Kingdom

GrowHow UK Ltd. owns and operates nitrogen production facilities in Ince and Billingham, U.K. The Ince facility is located in northwestern England and consists of an ammonia plant, three nitric acid plants, an ammonium nitrate (AN) plant and three NPK fertilizer compound plants. The Billingham facility is located in the Teesside chemical area in northeastern England, and consists of an ammonia plant, three nitric acid plants, a carbon dioxide plant and an AN fertilizer plant. Combined, the two facilities have the capacity to produce approximately 0.9 million short tons of gross ammonia, 1.2 million short tons of AN and 0.4 million short tons of NPK compounds.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 Agronomic Technology

New York, New York, United States

Agronomic Technology Corp. is a nitrogen recommendation platform in the US that improves farmer profitability and agricultural sustainability. Agronomic Technology Corp. was founded in 2013 and is based in New York, New York.

Buy -
Mergr

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