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28th July 2008 – Air Products today announced that it completed the acquisition of a majority shareholding in CryoService Limited. This investment builds on Air Products’ strong position in the UK merchant gases sector and reaffirms its confidence in CryoService Limited and the microbulk method of supply.
Air Products announced in April 2008 its acquisition of a majority shareholding in CryoService Limited, subject to clearance from the UK regulatory authorities. It has subsequently obtained this regulatory clearance.
CryoService Limited is a leading supplier of microbulk solutions in the UK, holding strong positions in drinks dispense, biomedical and analytical applications. It will continue to operate as a separate entity, under the existing management team led by John Carver.
CryoService Limited pioneered the microbulk concept in the early 70s. It offers the convenience of bulk gas deliveries, to customers who would traditionally be considered too small for this method of supply. Air Products acquired its original 25% shareholding in CryoService Limited in 1998. |
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