The Tyczka Group has repurchased a 43% stake in Tyczka Air Austria GmbH, which had previously been held by the Kuwaiti Gulf Cryo. This will make the Tyczka Group the sole shareholder of the company.
Tyczka Air Austria is a producer and supplier of technical gases. The company supplies customers in the food industry, metal processing, electrical engineering, chemicals and other industries in Austria and Germany with high-purity air gases from the air separation plant in Braunau am inn Austria.
Gulf Cryo purchased shares of Tyczka Air Austria in 2014 with the intent of enhancing the company’s growth in the liquid air gases market in Austria and Germany. Subsequently, Gulf Cryo’s footprint expanded to 13 countries.
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