Deal appeared to crumble in September, would create largest gases distributor in world.
Latest In Gases & Welding Equipment
For the first nine months, sales decreased 3.6 percent year-over-year.
For the first nine months, sales were up 9.5 percent year-over-year.
Company also will spin off related food hygiene and cleaning business.
Multibillion-dollar divestiture to spark shakeup in electronics sector.
Another blockbuster deal looms for gases & welding equipment distribution.
Air Liquide sales grew 2.2% in first half of 2016.
Year-to-date sales decrease 6.1 percent compared to same period in 2015.
Tampereen Teollsuusshk Oy serves brewing, beverage and dairy companies.
Haun acquired Danes Welding Supply and Johnson Welding Supply.
Price increases for gases up to 15 percent, effective July 15.
This article is part of MDM's 2016 Distribution Trends Special Issue. It provides a quick look at key trends affecting the gases & welding equipment distribution sector.
The annual feature was researched and written by MDM based on interviews with dozens of distributors, industry experts and manufacturers. MDM also conducted a survey of its readers to uncover the trends outlined in this issue.
The full special issue is available to download in PDF format to MDM Premium subscribers. Subscribe below for full access. Or log-in if you are already a subscriber.
Divestment would go toward satisfying conditions of Airgas acquisition.
Company signs letter of intent to move into historic building in spring 2017.
