Linde (NYSE:LIN) agreed to acquire the remaining interests in nexAir, one of the largest U.S. independent packaged gas distributors with ~$400M in sales during 2022; no financial details were disclosed.
Linde’s (LIN) gas and equipment subsidiary purchased the remaining 77.2% after holding a minority stake in nexAir since 2012.
The company said the acquisition complements its existing packaged gas business and expands its footprint in the southeastern U.S.
Linde’s (LIN) plans to delist from Frankfurt’s stock exchange are a positive, Mare Evidence Lab writes in an analysis posted on Seeking Alpha.
