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
PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.
BASF has signed an agreement to sell its flocculants business for mining applications to Solenis, a specialty chemicals manufacturer. The divestment of the flocculants business to Solenis is part of BASF’s ongoing portfolio optimisation with the aim of focusing on strategic core areas.
ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Gaël Hili as its President and Chief Executive Officer, effective October 1, 2024. Hili will join the Syngenta Group Leadership Team and will be based in Tel Aviv.
