Air Liquide To Sell Certain Assets In U.S. To Matheson - Quick Facts

(RTTNews) - Air Liquide (AIQUY.PK) announced an agreement to sell certain assets in the U.S. to Matheson Tri-Gas, Inc., a subsidiary of Taiyo Nippon Sanso Corporation of Tokyo, Japan. Under the purchase agreement, Matheson will acquire: eighteen air separation units in sixteen locations; two nitrous oxide production facilities; four liquid carbon dioxide production facilities in four states: and three Airgas retail packaged welding gas stores in Alaska.

Air Liquide said, upon closing, these divestitures would mark a significant milestone toward satisfying the conditions required by the FTC in connection with Air Liquide's acquisition of Airgas. Air Liquide is currently in negotiations to sell two of its facilities in Iowa that produce both liquid carbon dioxide and dry ice, which are the remaining assets ordered by the FTC to be divested in connection with the acquisition of Airgas.