Praxair Completes Purchase of German Industrial Gas Business
The acquisition agreement was first announced on October 7, 2004 and has since been approved by the European and German regulatory authorities. Included in the deal were certain assets required to be sold by Air Liquide as a result of its purchase of Messer Griesheim in Germany.
The acquired business is comprised of the southern portion of the Rhine/Ruhr pipeline and the Saar pipeline, plus bulk distribution and packaged gas businesses. It serves large customers in the refining, chemical and steel industries along the pipeline systems, plus about 40,000 smaller customers in bulk, medical, specialty and packaged gases. Praxair's German headquarters is located in Dusseldorf.
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