Family-owned industrial gases major Messer is set to become the sole owner of joint venture (JV) Messer Industries, after it acquired all shares in the business from previous minority owner CVC Capital Partners Fund VII.
The deal – which includes Messer’s companies in North and South America in addition to Western Europe – is part of the company’s plan to bring together its global activities under one roof to implement a sustainable growth strategy as an integrated gases specialist.
Supporting this strategy, global institutional investment firm GIC will partner with Messer to become a long-term minority shareholder in the company.
The proceeds of this investment will be used to finance the acquisition of shares in Messer Industries.
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