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
Private equity investor Cinven is acquiring MBCC Group’s admixture business from Swiss construction chemicals major Sika on the rebound. Earlier, the British Competition and Markets Authority (CMA) had turned thumbs down on plans to sell the business to Ineos, citing antitrust concerns.
Air Liquide S.A. (Paris) announced the construction of an industrial scale ammonia (NH3) cracking pilot plant in the port of Antwerp, Belgium. When transformed into ammonia, hydrogen can be easily transported over long distances.
Huhtamaki receives a gold medal from EcoVadis on its sustainability performance – for the third year running. Its score places Huhtamaki in the top 4% of over 100,000 rated companies across the globe. EcoVadis is the world’s largest and most trusted business sustainability index.