Abdullah Hashim Industrial Gases & Equipment Company (AHG), US-based Air Products’ merchant industrial gas joint venture in Saudi Arabia, has acquired Air Liquide Al Khafrah Industrial Gases (ALKIG), France-based Air Liquide’s industrial merchant gases business in the kingdom.
“This acquisition, through AHG, supports our continued growth strategy for the region and builds on decades of experience working alongside and serving customers in the Middle East,” commented Mr. Hamid Sabzikari, vice president and general manager, Air Products Industrial Gases Middle East, Egypt and Turkey.
Mr. Khalid Hashim, managing director, AHG said that “We are proud to have Air Products as our partner in the Kingdom. The relationship between our companies has never been stronger and continues to thrive. In acquiring this business from Air Liquide, we strengthen our capabilities even further and as we continue to grow, our customers will reap the benefits of service from a passionate local business with a strong global partnership. We welcome the talented and dedicated people who have joined our organization and the enthusiasm and expertise they bring to serving our customers.”
In January 2022, Air Products successfully concluded the acquisition of Air Liquide’s industrial merchant gases business in UAE, including liquid bulk, packaged gases and specialty gases, and Air Liquide’s majority share in Middle East Carbon Dioxide (MECD), for a liquid carbon dioxide production facility in Bahrain.
Air Products continues to demonstrate its commitment to the Middle East, growing its industrial gas business, expanding regional capabilities and strengthening product sourcing and reliability to better serve customers.