Air Liquide, which regularly reviews its business portfolio, confirms that it is evaluating the opportunity to potentially divest Aqua Lung, a major player in personal aquatic equipment for recreational and professional use, in order to best support Aqua Lung’s next phase of growth and enable it to deliver on its strategic roadmap.
Air Liquide is focused on its Gas & Services activities following the Group’s acquisition of Airgas, as well as on the implementation of its company program NEOS for the 2016-2020 period.
There can be no assurances that any of these discussions will result in an agreement or that a transaction will be completed. The Group has no further information to share at this time.
Source: Air Liquide
3M and Dow have announced they are cutting thousands of roles from their global workforces in response to economic pressures. Dow has said it will cut 2,000 jobs across its global workforce (around 5%) in a bid to save US$1bn in 2023. The company says it will also cut costs by shutting down “select assets”, though it did not note where it would halt operations.
Sweden’s state mining firm has discovered what could be Europe’s largest rare earths deposit, and says it could help the bloc reduce its reliance on imports of minerals needed to manufacture clean technologies and meet climate targets.
Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).