French industrial gas supplier Air Liquide SA said Tuesday it had begun exclusive talks to sell its scuba diving-equipment-making unit Aqua Lung to Montagu Private Equity.
Air Liquide and Montagu didn’t disclose the price under negotiation.
The sale is part of an asset restructuring at Air Liquide following its $13 billion acquisition of U.S. rival Airgas earlier this year.
Aqua Lung, which was founded in the 1940s by the late French conservationist Jacques-Yves Cousteau, has 1,000 employees in around 90 countries. Its revenue in 2015 totaled 200 million euros ($224 million).
By Inti Landauro
Source: Market Watch
International Chemical Investors Group (ICIG) has entered exclusive negotiations with Nippon Soda and made what it said is a “firm and binding offer” to acquire the Japanese group’s offshoot Métaux Spéciaux (MSSA), a sodium metal specialist.
Aligning with the SC’s key initiatives on responsible plastic recycling, Coca‑Cola Middle East’s pilot of 100% rPET bottles marks the first time the packaging will be in circulation at a FIFA World Cup tournament and serves as Coca‑Cola’s debut in locally producing the bottles in the region.
Through the transaction, Neste is acquiring a leading UCO collection and recycling business on the US West Coast, covering the collection, logistics and storage of UCO in California, Oregon and Washington. Together with the previous acquisitions (…) the transaction continues to enhance Neste’s global raw materials sourcing platform.