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Matheson Tri-Gas to acquire Air Liquide plants in U.S.

Matheson, Basking Ridge, N.J., a provider of industrial and specialty gases and gas handling equipment, has executed an agreement to purchase 18 air separation plants in 16 locations, two nitrous oxide plants, four CO2 plants, and related assets from Air Liquide in the U.S.

The agreement also includes Matheson’s purchase of three Airgas Inc. retail stores in Alaska. Airgas is an Air Liquide company.

The transaction is expected to be completed in Q3 2016.