WASHINGTON (Legal Newsline) — The Federal Trade Commission (FTC) announced Dec. 20 that it has approved an application from American Air Liquide Holdings Inc. to sell to Reliant Holdings Ltd. certain assets related to liquid carbon dioxide and dry ice production at facilities in Galva, Iowa, and Sergeant Bluff, Iowa.
The divestiture was required because of a July 2016 FTC order that settled charges related to the $13.4 billion merger of industrial gas producers American Air Liquide Holdings Inc. and Airgas Inc. The FTC had alleged the merger would likely harm competition in several U.S. and regional markets.
The FTC voted 3-0 to approve the divestiture.