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Linde Buys Out Stake in Packaged Gas Distributor nexAir, LLC

Benzinga · 01/06/2023 06:02
Linde (NYSE:LIN, FWB:LIN)) announced today it has acquired the remaining interests in nexAir, LLC, one of the largest independent packaged gas distributors in the United States with 2022 sales of approximately $400 million. Linde's wholly owned subsidiary Linde Gas & Equipment Inc. (LG&E) has held a minority interest in nexAir since 2012. LG&E has now purchased the remaining 77.2%. The acquisition complements Linde's existing packaged gas business and expands its footprint in a core and fast-growing geography across the southeastern United States.