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BOC Purchase Lifts Linde in Gases

9:40 AM MDT | September 29, 2008 | Robert Westervelt

The 2006 acquisition of BOC gave Linde a leading global position in the industrial gases sector and pushed it up to the number 23 slot in 2007, from 38 in 2006. The deal, which combined the second- and fifth-largest global industrial gases producers, gave Linde the lead position in cylinder and merchant gases, and the number two slot in on-site gases, trailing Air Liquide. Reitzle: Company is ‘solidly positioned and successful.’ Linde’s overall sales rose 52%, to €12.3 billion ($17.9 billion). Gases sales on a pro forma basis, adjusted to...

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