Air Products Eyes Latin American Growth In $884M Indura Buy

Law360, Chicago (June 19, 2012, 1:21 PM EDT) -- Air Products and Chemicals Inc. is buying a majority stake in Chile-based industrial gas company Indura SA for $884 million, the company said Tuesday, boosting its reach in the growing Latin American market.

Air Products revealed that it had inked a deal to purchase a 67 percent stake in Indura, the largest independent industrial gas company in Latin America. The transaction is slated to close by early July and will make Air Products the second largest industrial gas producer in Latin America, a region the buyer...
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