Air Products has acquired Air Liquide’s industrial gases business in the United Arab Emirates, including liquid bulk, packaged gases and specialty gases.
The company also acquired Air Liquide’s majority share in Middle East Carbon Dioxide W.L.L. (MECD), which owns and operates a liquid CO2 production facility in Bahrain.
Financial terms are not being disclosed for the agreement.
“The acquisition builds on many years of good experience working in and serving customers in the Middle East and supports our growth strategy for the region,” said Hamid Sabzikari, vice president and general manager, Air Products Industrial Gases Middle East, Egypt and Turkey.
“It is yet another example of how Air Products is building and strengthening its industrial gas business in the Middle East,” he said.
“In acquiring these businesses, we have further expanded our footprint and regional presence in the UAE and Bahrain, strengthened our product sourcing and reliability, and welcomed talented and dedicated people into our Middle East organization who are passionate about serving local customers.”