Air Products Announces Carbon Dioxide Business Acquisition in Europe

Industrial gases firm, Air Products, has agreed to purchase ACP Europe SA (ACP), the largest independent carbon dioxide (CO2) business in Continental Europe. Financial terms of the transaction were not disclosed.

“We are delighted to announce this transaction to acquire ACP. We are committed to invest in our core industrial gas business where it creates significant value for our shareholders, and the acquisition of ACP fulfils that criteria,” commented Mr. Ivo Bols, President, Industrial Gases – Europe and Africa at Air Products.

Air Products supplies a broad portfolio of industrial gases across 13 European countries including liquid CO2 from its operations in Spain and Poland. Through the acquisition of ACP, Air Products would expand its liquid CO2 supply position across additional European geographies and further build density throughout Continental Europe.

ACP has more than 120 employees, four liquid CO2 production plants and two dry ice production locations across Europe. The business serves customers across a variety of applications including beverage, chemical, food and horticulture.