I think I may have used this word in a short piece I wrote last week, but what a whirlwind of a week it has been for the industrial gases business.
‘Whirlwind’ perfectly summed up the crossover week of February into March 2019. Though they may have been expected given the 1st March deadline for completion, the divestments of various assets related to the mega-merger of Praxair and Linde created a vortex of news flow that could have cast aside almost everything else happening in the news that week.
Each a story in its own right, we saw Celanese complete its acquisition of a syngas unit in Pasadena, Texas, likewise MATHESON completed on a HyCO acquisition of its own in Texas, and there was the romantic return of the Messer name in the America’s thanks to finalisation of its purchase of the majority of Linde’s gases business in North America and certain Linde and Praxair business activities in South America.
Linde plc: Merger complete, full integration underway globally
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