Air Products has completed the acquisition of ACP Europe SA (ACP), the largest independent carbon dioxide (CO2) business in Continental Europe.
The Tier One company announced the definitive agreement to purchase ACP Europe SA back in February (2018).
Concluding the deal enables Air Products to better serve existing customers and pursue new industrial gas growth opportunities.
Customers will now benefit from an expanded liquid CO2 supply position across additional European geographies and greater density throughout Continental Europe.
“This is a good, logical deal. The ACP CO2 business complements our own and provides a solid platform to deliver customer value and pursue further European industrial gas growth,” said Ivo Bols, Air Products’ Industrial Gases President in Europe and Africa.
“I have no doubt that our customers will benefit from a stronger portfolio as well as the collective and complementary expertise of our combined team,” Bols continued.
“With over 120 years of CO2 experience, we have built a quality, well-managed business that deliver,” commented Jan De Ridder, Director, ACP.
“Becoming part of Air Products means we can look to the future with great optimism,” said Ridder.
ACP serves customers across a variety of applications including beverage, chemical, food and horticulture. It has more than 120 employees, four liquid CO2 production plants (with an additional facility under construction) and two dry ice production locations across Europe.
All required customary closing conditions and regulatory approvals have been satisfied. Financial terms of the transaction are not being disclosed.
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