Air Products, Allentown, Pa., plans to purchase a 67 percent stake in Indura S.A., Latin America’s largest independent gas producer.
The $884 million acquisition of the
Santiago, Chile-based company should enhance Air Products’ growth opportunities
in the region. The deal will position Air Products as the second-largest
industrial gas producer in Latin America, a region second in growth only to
Asia, the company says. By taking a majority stake in Indura, Air Products will
extend its Latin American presence to 12 countries, enabling it to benefit from
greater economies of scale and a large talent pool to service multinational
customers in more markets, Air Products says.
Indura businesses, with total annual
sales of $478 million, include liquid bulk, small on-sites and packaged gases. For
more information, go to www.airproducts.com.