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Airgas acquisition

Strong industrial and market logic

Air Liquide’s successful Airgas acquisition contributes to the company’s strategy of profitable growth over the long term. The two businesses are highly complementary, and the acquisition extends Air Liquide’s customer base through a unique, multi-channel distribution network and a nationwide presence in the U.S.

Airgas is the leading supplier of packaged gases and associated products and services in the United States.

A game-changing combination

The combined businesses will generate annual sales of more than €20 billion ($22 billion)1, employ approximately 67,000 people around the world, and serve well over three million customers and patients.

1. Calculated as of May 20, 2016

This acquisition allows Air Liquide to expand in the United States, the largest global market for industrial gases

The Group is the leader in Large Industries, Industrial Merchant and Electronics and a key player in Healthcare.

Air Liquide + Airgas = +30% revenue in gas & services

Creating value for the Group and our customers

This combination allows Air Liquide to offer its innovation capabilities to a broader customer base in the U.S. The combined companies intend to lead the digital transformation of the Industrial Merchant business through enhanced e-commerce and telesales capabilities and new digital offerings.

Together, Air Liquide and Airgas share a commitment to the highest standards of safety, quality, and reliability by running their operations responsibly for the benefit of all of their stakeholders.

Focus on Airgas and the U.S. market

Airgas was founded in 1982 by Peter McCausland with the purchase of Connecticut Oxygen Corporation, an industrial gas distributor with approximately $4 million in annual sales. Through strategic growth initiatives and more than 400 acquisitions over three decades, Airgas grew to become one of the premier industrial gas companies in the U.S., with annual sales of $5.3 billion for the fiscal year ending March 31, 2016. 

Airgas has established a national network of more than 950 branches spread across 16 distribution regions. The network is comprised of retail locations, cylinder fill plants, gas production facilities, specialty gas laboratories, business support centers and distribution centers.

Airgas has 17,000+ associates in more than 1,100 locations

Airgas telesales center.

Airgas adds a unique platform, including e-commerce and telesales capabilities, and the most advanced multi-channel distribution network in the U.S. for the transformation of the Industrial  Merchant business through digital innovation.

Learn more about the history of Airgas

Benoît Potier, Chairman and CEO of Air Liquide, and Peter McCausland, Executive Chairman of Airgas, in New York at the announcement of the acquisition in November 2015.