American Air Liquide holdings Inc, a 100% Air Liquide affiliate, has announced an agreement to purchase the assets of Scott Specialty Gases and the deal is now only pending clearance from the US antitrust authorities.
Headquartered in Plumsteadville, Pennsylvania, Scott is a leading privately held international producer and supplier of value-added mixed and high purity specialty gases to the analytical, medical and electronics sectors, and high-performance gas handling equipment and specialty gas delivery systems.
The combined Air Liquide and Scott operations in the high growth market for specialty gases will provide Air Liquide with a new platform for growth and a true nationwide US presence, notably in the Middle Atlantic and North Central Areas.
The acquisition will also reinforce Air Liquide’s important business in Europe, Taiwan and the Middle East.
Scott employs approximately 450 people with annual sales of approximately $88m, covering the US national market with operations centres in the Northeast, Midwest, Gulf Coast, Rocky Mountain and Pacific markets of the US.
Piere Dufour, executive vice-president of Air Liquide Group, said, “Scott is a leading brand in specialty, medical and electronic gases recognised the world over for quality and service. A natural fit for Air Liquide, Scott will further its strategy of growing its high value-added speciality gas business.”
Fred Merz, owner of Scott Specialty Gases since 1977, commented, “I am very pleased that Air Liquide is acquiring the global business and assets of Scott Specialty Gases. This is a terrific strategic fit for our Scott Team Members, our customers and our operations.”