Something in the Air

Air Products appears to see big things in small packages, again. After a brisk exit from the North American packaged gases sector in 2002, it is seeking a grand reentrance via a hostile takeover of Airgas (p. 6). Air Products says that a strategic review found that packaged gases will be one of the important growth areas for Air Products, both within North America and in other regions (where it has maintained packaged gas operations). Air Products last year got serious about expanding its packaged gas position in North America and quickly settled on Airgas as the...

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