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Air Products to Acquire Polish Industrial Gas Business from Linde

10 Jan 2007 - Air Products announced it has reached definitive agreement with The Linde Group to acquire the industrial gas business of BOC Gazy Sp z o.o. for 370 million euros ($481 million). The transaction is subject to regulatory approval and customary closing conditions. For regulatory purposes, BOC Gazy was required to be sold by Linde as a result of its purchase of The BOC Group plc in September 2006.
 
The BOC Gazy business had fiscal year 2006 sales of approximately 126 million euros ($164 million) and earnings before tax, interest, depreciation and amortization (EBITDA) of approximately 38 million euros ($50 million). The business has approximately 750 employees, five major industrial gas plants and six cylinder transfills serving customers across a diverse range of industries, including chemicals, steel and base metals, among others.