Air Liquide Among Final Bidders for DIG Airgas
According to Reuters, Macquarie Asset Management (MAM) has shortlisted Brookfield Asset Management, Stonepeak, and Air Liquide for the final bidding round for DIG Airgas, a South Korean industrial gas company. Binding bids for South Korea's third-largest industrial gas producer are reportedly expected by late July or early early August. MAM acquired DIG Airgas in 2019 for $1.85 billion.
The South Korean industrial gas company operates modern, large-scale air separation units and specialty gas production facilities in locations including Banwol, Yangsan, Yeochon, Cheongju, Daejeon, Gumi, Paju, and Ulsan. Gases are delivered via cold evaporators, liquefied gas containers, and gas cylinders.
The French industrial gas giant has been present in the South Korean market since 1996. In addition to supplying industrial gases and related services to major sectors like petrochemicals and steel, it also provides advanced molecules to the semiconductor industry and holds a significant position in home healthcare.
In December 2021, MAM acquired Deokyang Co and Green Tech Chemical Co, which subsequently merged and were rebranded as Approtium. Approtium currently manages captured carbon dioxide through supply contracts with industrial players who rely on liquefied CO2 for their manufacturing processes. The company is also South Korea's largest independent hydrogen producer and supplier, managing approximately 60 kilometers of hydrogen pipeline infrastructure and 250 tube trailers.
By Zoiun Fluid & Gas, 2025-7-16
