Air Liquide to Acquire the Canadian Business of Messer Griesheim
8/13/2002 - Air Liquide, the world leader in industrial and medical gases and related services, today announced its acquisition of the Canadian business of Messer Griesheim Industries. Messer Griesheim Industries of Canada Inc., is a distributor of industrial cylinder gases, bulk gases and specialty gases and related equipment. With a total of 86 employees, it consists of two filling plants and 12 selling locations across Quebec, Ontario and Newfoundland.
«This acquisition strengthens our base in central and eastern Canada and represents an excellent growth opportunity,» said Pierre Dufour, member of the Executive Committee of Air Liquide and responsible for the Americas. "We expect it will generate significant benefits for customers, who will have access to the complete range of Air Liquide's expanded products and services offer, our worldwide network of experts and our international research centers.»
MG Industries' spokesperson, Michael Masha, Vice President and Chief Financial Officer of the U.S. affiliate of Messer Griesheim, stated, «Messer's sale of this business unit is part of its global divestment program and its strategy to focus on its core businesses.»
«The acquisition is a perfect fit with our growth strategy through targeted acquisition opportunities. The acquisition represents an important step in Air Liquide Canada's long-term growth plan, enhancing its position as an industry leader with a distribution network that is unrivalled in the industry, ensuring a local presence and proximity to our customers», continued Pierre Dufour.
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