October 2010: The Linde Group announced that its offer to acquire 95.4% of the shares in Sri Lanka’s leading medical and industrial gases player had been accepted by its major shareholder, Europium Limited.
“Today is the start of an exciting future for Ceylon Oxygen,” the company’s CEO Niran Pieris said in a statement.
By 12th November, this key moment in the development of Ceylon Oxygen (COL) had reached its conclusion. Just months before it would look ahead to its 75th anniversary, COL had become a Linde Group member company.
As the only company that owned and operated an air separation unit (ASU) in Sri Lanka, while also boasting two manufacturing sites in Sapugaskanda and Colombo and four depots in Galle, Ratnapura, Kurunegala and Anuradhapura, COL was already in a healthy position.
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