The Linde Group concludes the sale of parts of its US packaged gases business to Airgas
The Linde Group has concluded the sale of its packaged gases business with retail stores in the United States to the industrial gases company Airgas Inc. at an enterprise value of 310 million US dollars. Following the receipt of unconditional approval from the antitrust authorities, the transaction was completed at the close of business June 30, 2007. Linde will retain certain packaged gases accounts related to its independent distributors, including acetylene production sites and filling plants.
The business divested had sales of 346 million US dollars and EBITDA of around 36 million US dollars in the financial year 2006, with a workforce of approximately 1,400.
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