The Messer Group appears to be positioning for its return to life as a truly global Tier One industrial gas player, with the news of a management reshuffle in light of its pending acquisition of Linde assets in the Americas region.
It was confirmed on 16th July that a consortium comprising of the Messer Group and CVC Capital Partners Fund VII had entered into an agreement to purchase the majority of Linde’s gases business in North America and certain business activities in South America.
The business to be sold generated annual sales of approximately $1.7bn (€1.4bn) and an EBITDA of just over $360m (€305m) in 2017. These include substantially all of Linde’s US bulk business, and its business in Brazil, Canada and Colombia.
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