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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.”  

“With over 120 years of CO2 experience, we have built a quality, well-managed business that delivers,” commented Jan De Ridder, Director, ACP. “Becoming part of Air Products means we can look to the future with great optimism.”

ACP serves customers across a variety of applications including beverage, chemical, food and horticulture. It has more than 120 employees, four liquid CO2 production plants (with an additional facility under construction) and two dry ice production locations across Europe. 

About Air Products


This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company’s Form 10K for its fiscal year ended September 30, 2018.