Fujian Shenyuan New Materials to acquire Air Liquide Fuzhou from Air Liquide.

Highsun Holding Group-backed Fujian Shenyuan New Materials, a China-based basic chemicals manufacturer, agreed to acquire Air Liquide Fuzhou, an operator of the integrated gas complex in Fujian, from Air Liquide. Financial terms were not disclosed. This decision is aligned with Air Liquide’s strategy to focus on its main industrial basins and other high potential activities, notably in China. It is also aligned with the Group’s climate objectives.