Air Products Completes Acquisition of ACP

Air Products (NYSE: APD) today announced it has completed the acquisition of ACP Europe SA (ACP), the largest independent carbon dioxide (CO₂) business in Continental Europe. All required customary closing conditions and regulatory approvals have been satisfied. Financial terms of the transaction are not being disclosed.  Concluding this deal enables the company to better serve existing customers and pursue new industrial gas growth opportunities. Customers will now benefit from an expanded liquid CO₂ supply position across additional European geographies and greater density throughout Continental Europe.  "This is a good, logical deal. The ACP CO2 business complements our own and provides a solid platform to deliver customer value and pursue further European industrial gas growth," commented Ivo Bols, Air Products' Industrial Gases President in Europe and Africa. "I have no doubt that our customers will benefit from a stronger portfolio as well as the collective and complementary expertise of our combined team."