Refrigerant suppliers in merger talks
USA: Industrial gas companies Praxair of the USA and Germany’s Linde, two companies with an historic refrigeration bond, are in merger talks.
Talks are said to be ongoing but the possible tie-up would give a combined market value of around $60m and is likely to trigger antitrust reviews.
Both companies are global suppliers of refrigerants as part of their industrial gases portfolios. While Linde offers a wide range of refrigerants including the new HFO blends and “natural” refrigerants, Praxair has a more limited offering of HCFCs, HFCs and “natural” refrigerants.
Linde operates refrigerant packaging facilities throughout the world with substantial bulk storage, bulk breaking and blending capabilities. Its refrigerants are sold in more than 40 countries throughout America, Europe, Africa, Asia and the South Pacific regions, and operate with many well-known local brands including Linde, BOC (UK), AGA (Scandinavia), TEGA (Germany), AFROX (South Africa), SIGAS (Saudi Arabia) and PSG (South Korea).
Linde’s revenue in 2015 was around $20bn. Praxair, a Fortune 300 had sales of $11bn.
Coincidentally, both companies share a common refrigeration history having been founded by Carl von Linde, the pioneering German scientist and refrigeration engineer. He formed Linde’s fore-runner Gesellschaft für Linde’s Eismaschinen AG in 1879 and founded Linde Air Products, which would later evolve into Praxair, in Cleveland Ohio in 1907.
Latest news from the world of air conditioning and refrigeration
UK: A cascade refrigeration system twinning CO2 with the HFO refrigerant 1234ze has been named as Retail Energy Project of the Year in last week’s Energy Awards in London.
UK: Industrial refrigeration contractor Stonegrove Refrigeration has appointed Steve Gowing as design and project engineer.
UK: Javac UK, the refrigerant recovery and vacuum pump supplier, has been named as Climate Centers’ Supplier of the Year for the second year running.
UK: Ruskin Air Management has been renamed Swegon Air Management following its acquisition by the Swedish manufacturer Swegon.
EUROPE: The European Commission has warned that the uptake of training in alternative refrigerants is too low to match the requirements of the F-gas phase down.
SOLOMON ISLANDS: Customs authorities in the Solomon Islands have reported their second seizure of the illegal CFC refrigerant R12 this year.
IRAN: German compressor manufacturer Bitzer has established a subsidiary company in Iran.
USA: Seven local residents are reported to be suing Honeywell after a chemical leak at its Geismar, Louisiana, plant in August.