Air Products has announced today a definitive agreement to purchase ACP Europe SA (ACP) in a bid to expand its European carbon dioxide (CO2) position and strengthen its Continental European industrial gas business.
The Tier One company said the transaction will complement Air Products’ European CO2 capabilities in core geographies where it already provides industrial gases.
“We are delighted to announce this transaction to acquire ACP. We are committed to invest in our core industrial gas business where it creates significant value for our shareholders, and the acquisition of ACP fulfils that criteria. ACP has a quality, well-run European CO2 business that like Air Products, prioritises safety above all else,” commented Ivo Bols, President of Industrial Gases – Europe and Africa at Air Products.
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