WASHINGTON (Legal Newsline)
— The Federal Trade Commission (FTC) has approved an application from American
Air Liquide Holdings Inc. following a public comment period.
Liquide is to sell some of its assets to Matheson Tri-Gas Inc., a Delaware-based
subsidiary of Taiyo Nippon Sanso Corporation of Japan, the FTC said.
This divestiture comes after
an FTC order settling allegations that American Air Liquide’s $13.4 billion
merger with Airgas Inc. would be anti-competitive. American Air Liquide must divest the bulk oxygen, nitrogen and argon assets, the bulk nitrous oxide
assets, the retail packaged welding gases assets and parts of the bulk liquid
carbon dioxide assets as specified in the proposed order.
The FTC voted 3-0 to approve
the divestiture. Roberta Baruch from the Bureau of Competition is the staff
contact on the case.
The FTC is currently
accepting public comments on American Air Liquide’s other application for the
divestiture of bulk liquid carbon dioxide assets to Aspen Air U.S. Corp.