Announced
Financials
Tags
manufacturing
Pending
distribution
Friendly
Private
Acquisition
India
Chemicals: Diversified
Single Bidder
Synopsis
Air Water, a Japanese industrial company, agreed to acquire the related business of manufacture, sale, and distribution of oxygen, nitrogen, and argon operated in East India from Praxair. Air Water is focusing on expanding businesses as an area where they emphasize their overseas expansions. AW expects the demand for industrial gases to grow along with the economic growth in India. The onsite gas supply business for the blast furnace steel manufacturing will comprise a vast majority of this growth, according to the company.
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