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Markets :: Industrial Gases

Investcorp to Acquire Stake in Leading Mideast Industrial Gases Company

5:05 AM MST | November 16, 2009 | Natasha Alperowicz

Investcorp (Manama), an asset management firm specializing in alternative invstments, says that its Gulf Opportunity Fund will acquire a 20% stake in Gulf Cryo (Safat, Kuwait), the al Huneidi family-owned company that is the leading manufacturer of industrial, medical and specialty gases in the Mideast. Gulf Cryo, founded in 1953, has expanded its presence from Kuwait into the United Arab Emirates, Jordan, Oman, Qatar, Saudi Arabia, Syria, and Pakistan. The company has more than 20 manufacturing plants, filling stations and a proprietary pipeline network and...

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