HOUSTON, May 22, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Air Liquide announced today the acquisition of UK-based Scientific and Technical Gases Ltd. ("StG"), a global supplier of calibration and specialty gases and equipment.
StG – founded in 1996 – manufactures gases and related equipment for a variety of uses, including: gas detection and safety, laboratory and analytical, environmental monitoring, process systems monitoring, gas quality monitoring, and breath test analysis. The company owns and operates two manufacturing facilities in the UK and serves customers worldwide through distribution operations based in the United States, Brazil, Australia, Singapore, Dubai and Shanghai.
Air Liquide, with its US-based subsidiary, Calgaz, is the recognized global leader in calibration gas mixtures and equipment. The acquisition of StG enables Air Liquide to strengthen its position in the global calibration and specialty gases market, boosting its production and distribution capabilities worldwide.
Michael Stoddard, President of Calgaz, commented: "This acquisition is an excellent business opportunity and provides a number of benefits for all our customers – expanded product offerings, increased manufacturing capacity to support your growing needs, and an even greater level of supply flexibility and reliability. The combination of our two companies further supports Air Liquide's broader focus on innovation. I am pleased to welcome the StG team to Air Liquide. I look forward to working together to develop safe, high quality and cost-effective solutions for our customers."
Former Chief Executive of StG Chris Street will serve in a leadership role within Calgaz as Vice President of Sales.
"We are excited to join the Air Liquide family. The synergies created by combining our two companies will allow us to serve our customers through a broad and varied business portfolio." Street said. "The StG team and I look forward to building upon the success of our companies while forging a new relationship that will benefit our customers long term."
Air Liquide in the U.S.
Air Liquide – the world leader in gases, technologies and services for Industry and Health – employs more than 5,000 people in the U.S. in over 200 locations. The company offers industrial and medical gases, technologies and related services to customers in energy, industrial, electronics and healthcare markets. http://www.us.airliquide.com
Air Liquide Group
World leader in gases, technologies and services for Industry and Health, Air Liquide is present in 80 countries with more than 50,000 employees and serves more than 2 million customers and patients. Air Liquide's ambition is to be the leader in its industry, delivering long-term performance and acting responsibly.
Air Liquide ideas create value over the long term. At the core of the company's development are the commitment and constant inventiveness of its people.
Air Liquide anticipates the challenges of its markets, invests locally and globally, and delivers high-quality solutions to its customers and patients, and the scientific community.
The company relies on competitiveness in its operations, targeted investments in growing markets and innovation to deliver profitable growth over the long-term.
Air Liquide's revenues amounted to € 15.2 billion in 2013, and its solutions that protect life and the environment represented around 40% of sales. Air Liquide is listed on the Paris Euronext stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones Euro Stoxx 50 indexes.
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