Acquisitions · Industrial gases
Taiyo Nippon Sanso's Matheson buys part of Linde's US hydrogen business for $413 million
- Buyer
- Taiyo Nippon Sanso (via Matheson Tri-Gas) (Tokyo)
- Target
- Linde's US HyCO business, Several US states
- Value
- $413.07M (about ¥46.8B)
- Status
- Completed in February–March 2019.
- Date
- 2018-12-13
Matheson Tri-Gas, the US subsidiary of Taiyo Nippon Sanso, bought part of Linde's US HyCO business, including five steam methane reformer plants and pipelines, for $413.07 million (about ¥46.8 billion). Linde had to sell the assets under a US Federal Trade Commission order tied to its merger with Praxair.
Why it matters
The purchase added hydrogen supply to refineries and chemical plants to Matheson's US industrial gas business, using assets released by a competition ruling.
Sources
Kakehashi M&A News home
