2 June 2016
DETAILS
has completed its acquisition of
Yara International ASA’s (Yara) European CO2 business.
Praxair also finalized the acquisition of
Yara’s remaining 34% stake
in the Yara Praxair Holding AS industrial gas joint venture.
In 2015, Yara’s European CO2 business provided
liquid CO2 and dry ice primarily to
the food and beverage industries,
generating revenue of 112 million euros.
The business operates CO2 liquefaction plants
and dry ice production facilities
across the UK, Ireland, Scandinavia, Germany,
Benelux, France and Italy.
The Yara Praxair Holding AS joint venture,
operating in Scandinavia, was formed in 2007.
Steve Angel,
Chairman and chief executive officer of Praxair
“These transactions are consistent with
our business strategy to expand our presence
in resilient end-markets such as
food and beverage, as well as drive growth
through synergistic acquisitions,”
WWW.CHEMWINFO.COM BY KHUN PHICHAI
