Taiyo Nippon Sanso Corporation (TNSC) completed procedures for the acquisition of shares of Praxair’s European businesses in December 2018, having previously concluded a share purchase agreement with Praxair on the in July 2018 as part of the latter’s mega-merger of equals with Linde.
This industrial gas businesses acquired included those in Germany, Spain, Portugal, Italy, Norway, Denmark, Sweden, the Netherlands and Belgium, as well as carbon dioxide (CO2) businesses in the UK, Ireland, the Netherlands and France, and helium-related businesses. All of which were rebranded in 2019 under the Nippon Gases Europe group.
As a result, it’s been quite a year for Nippon Gases Europe. Not only has the company focused on its seamless integration and transtion to a new dawn, it has also engaged in various forward-thinking developments to improve the supply chain – not least its investment in the construction of a new £9.5m ($12.1m) CO2 import and distribution terminal at Warrenpoint Port, in Northern Ireland. The 2,500 tonnes capacity facility will store liquid CO2 for the food and drinks industry across Ireland and aims to ‘significantly improve’ security of supply for the gas on both sides of the border against the backdrop of one of the most severe CO2 shortages across Europe in summer 2018.
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