Air Products acquiring CO2 business ACP Europe
Air Products announced a definitive agreement to purchase ACP Europe SA, the largest independent carbon dioxide business in Continental Europe. The transaction will complement Air Products' European CO2 capabilities in core geographies where the company already provides industrial gases. Air Products supplies a portfolio of industrial gases across 13 European countries. ACP has more than 120 employees, four liquid CO2 production plants and two dry ice production locations across Europe. Closing of the transaction is conditional upon satisfaction of customary closing conditions and obtaining necessary regulatory approvals. Financial terms of the transaction are not being disclosed.