Praxair Completes Acquisition of Yara’s European Carbon Dioxide Business
June 02 2016 - 2:00AM
Business Wire
Praxair, Inc. (NYSE:PX), a leading global supplier of carbon
dioxide (CO2) and other industrial gases, has completed its
acquisition of Yara International ASA’s (Yara) European CO2
business. Praxair also finalized the acquisition of Yara’s
remaining 34% stake in the Yara Praxair Holding AS industrial gas
joint venture.
In 2015, Yara’s European CO2 business provided liquid CO2 and
dry ice primarily to the food and beverage industries, generating
revenue of 112 million euros. The business operates CO2
liquefaction plants and dry ice production facilities across the
UK, Ireland, Scandinavia, Germany, Benelux, France and Italy. The
Yara Praxair Holding AS joint venture, operating in Scandinavia,
was formed in 2007.
“These transactions are consistent with our business strategy to
expand our presence in resilient end-markets such as food and
beverage, as well as drive growth through synergistic
acquisitions,” said Steve Angel, chairman and chief executive
officer of Praxair.
About Praxair
Praxair, Inc., a Fortune 250 company with 2015 sales of $11
billion, is a leading industrial gas company in North and South
America and one of the largest worldwide. The company produces,
sells and distributes atmospheric, process and specialty gases, and
high-performance surface coatings. Praxair products, services and
technologies are making our planet more productive by bringing
efficiency and environmental benefits to a wide variety of
industries, including aerospace, chemicals, food and beverage,
electronics, energy, healthcare, manufacturing, primary metals and
many others. More information about Praxair, Inc. is available at
www.praxair.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160601005197/en/
Praxair, Inc.MediaJason Stewart,
203-837-2448jason_stewart@praxair.comorInvestorsKelcey Hoyt,
203-837-2118kelcey_hoyt@praxair.com
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