American Air Liquide Holdings, Inc. has made an official application to divest its remaining facilities under necessary Federal Trade Commission (FTC) regulations following its $13.4bn takeover of Airgas.
The agency is now accepting public comments on an application from the Tier One corporation to sell its assets related to the production of bulk liquid CO2 to Aspen Air US. Corporation.
If successful, Aspen Air, a manufacturer and distributor of industrial gases based in Calgary, Canada, will acquire Air Liquide’s two outstanding CO2 and dry ice production facilities in Iowa.
The agency will decide whether to approve the proposed divestiture after expiration of a 30-day public comment period, beginning today and concluding on 25th August 2016.
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