Air Liquide has today completed its acquisition of AMCO-GAZ.
AMCO-GAZ, a distributor of compressed and liquefied gases, has been a leader within the Polish market since 1991.
Guy Salzgeber, Vice-President of Air Liquide in North and Central Europe and member of the Executive Committee, stated, “This acquisition is in line with our development strategy, as it will strengthen our position in Poland with a full geographic coverage and allow us to better meet strong and growing demand in the industrial merchant market.
Air Liquide is delighted to welcome the new employees of AMCO-GAZ to the Group. This project is in alignment with the Group’s long-term strategy, which seeks to capture tomorrow’s growth in emerging economies.”
The acquisition will incorporate the integration of 90 new employees, in excess of 2,500 customers and two additional cylinder filling operations. One is located in Poznań, in northwest Poland , while the other is in Bialystok, in the northeast.
The completion forms part of Air Liquide’s long-term strategic investment program in Poland. Its vision is to increase national coverage as well as significantly strengthen Air Liquide’s position in the cylinder market in Poland, €100 m investment has been allocated throughout 2010.