By JJ Koczan2015-09-15T20:20:00+01:00
On Sept. 15, 2015, the Hungarian subsidiary of Messer – the largest privately managed industrial gas specialist, its head office in Bad Soden near Frankfurt am Main – signed a purchase contract with Air Liquide Eastern Europe S.A. to buy 100 percent of the shares in Air Liquide Hungary Ipari Gáztermelő Kft.
Messer Hungarogáz takes over more than 50 employees, plus its assets and customer relationships. Execution of the contract is subject to antitrust approval, which is expected to come through in about six months.
The assets concerned include an on-site air separation unit, two nitrogen generators, a filling plant for gas cylinders, and road tankers, customer tanks, and steel cylinders. “Both companies ideally complement,” says Stefan Messer, Owner and CEO of the Messer Group, explaining the transaction.
Eastern European Growth
The purchase of Air Liquide Hungary Ipari Gáztermelő Kft comes just weeks after the joint venture Elme Messer Gaas commissioned a new oxygen production plant in Estonia, furthering the Messer Group’s position in Eastern Europe.
“The activities will be integrated quickly in order to enhance efficiency of the two operations. We are glad to welcome our new customers and employees in Hungary,” commented Stefan Messer of this purchase.
John R. “Buzz” Campbell has over 50 years of experience in the industrial gas industry and is considered one of its leading experts. Buzz was the publisher of CryoGas International from 1990 to 2013. We asked him to give us his perspective on developments in the US gases industry for ...
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