Following Air Liquide’s acquisition of Cryogas yesterday, North American company, Lion Copolymer Geismar Services, has become the company’s second acquisition of the week.
Lion Copolymer Geismar Services (LCGS) is an industrial utilities provider based in Louisiana’s Geismar basin, located near Baton Rouge. The recently acquired facilities supply steam, treated and demineralised water, as well as other products to regional customers in the Geismar Basin.
The new acquisition will strengthen Air Liquide’s stronghold in the area, as the company already enjoys a good customer base across the Basin. The company currently operates two large air separation units producing both oxygen and nitrogen via the Mississippi River Pipeline System, in addition to a cogeneration unit.
Michael J Graff, President and CEO of American Air Liquide Holdings, Inc and Vice President of the Americas, stated, “The purchase of LCGS’ business activities further demonstrates Air Liquide’s growth strategy in existing and essential marketplaces. This investment will generate immediate revenue and expands our product offer and position in the region by integrating new and existing capabilities to meet the needs of customers.$quot;
He added, $quot;We welcome our new employees, and are pleased to be adding to our already substantial investment in the Geismar basin and to continue to contribute to growth in the Gulf Coast region.”