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Markets :: Industrial Gases

Elekeiroz acquires Air Products' oxo-gas plant in Brazil (updated)

1:49 AM MST | December 10, 2013 | Natasha Alperowicz and Clay Boswell

Elekeiroz (São Paulo) has acquired an oxo gas plant that supplies its facility in Camaçari, Brazil, from Air Products. Elekeiroz, a producer of plasticizers, announced the move on 10 December. The deal includes the transfer of the plant’s employees and the purchase of equipment to adapt the plant’s product mix. Including the cost of integration, Elekeiroz values the investment at 70 million reais ($30 million)....

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