Abdullah Hashim Industrial Gases & Equipment Co (AHG), Air Products' merchant industrial gas joint venture in Saudi Arabia, has acquired Air Liquide Al Khafrah Industrial Gases (ALKIG), Air Liquide's industrial merchant gases business in Saudi Arabia.

 

The aquisition includes liquid bulk, packaged gases and specialty gases. Financial terms are not being disclosed.

 

Khalid Hashim, Managing Director, AHG said: "We are proud to have Air Products as our partner in the Kingdom. The relationship between our companies has never been stronger and continues to thrive. In acquiring this business from Air Liquide, we strengthen our capabilities even further and as we continue to grow, our customers will reap the benefits in service from a passionate local business with a strong global partnership. We welcome the talented and dedicated people who have joined our organisation and the enthusiasm and expertise they bring to serving our customers."

 

"This acquisition, through AHG, supports our continued growth strategy for the region and builds on decades of experience working alongside and serving customers in the Middle East," commented Hamid Sabzikari, Vice President and General Manager, Air Products Industrial Gases Middle East, Egypt and Turkey.

 

In January 2022, Air Products successfully concluded the acquisition of Air Liquide's industrial merchant gases business in UAE, including liquid bulk, packaged gases and specialty gases; and Air Liquide's majority share in Middle East Carbon Dioxide (MECD), for a liquid carbon dioxide production facility in Bahrain.

 

Air Products continues to demonstrate its commitment to the Middle East, growing its industrial gas business, expanding regional capabilities and strengthening product sourcing and reliability to better serve customers.-TradeArabia News Service