Spin-off Creates Fifth Largest Producer of Merchant Liquid Products in the United States
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September 27, 2006 (Cleveland) - On September 6, when Linde and BOC Group came together to form The Linde Group in the U.S., a portion of the business is required to be divested in accordance with an order issued by the Federal Trade Commission (FTC). In the interim, the business to be divested must be held separate until a buyer is found and approved. This Held Separate Business, known as the Bulk Business Group (BBG), is the fifth largest producer of merchant liquid products in the U.S. The BBG will continue to be part of Linde Gas LLC until it is sold to a qualified buyer.
The FTC order requires Linde to divest eight air separation plants and three terminals, including the LOX, LIN and LAR customers they serve. Customers of the BBG received notification of account changes in early September.
"The BBG is a viable, profitable organization," commented Kevin McBride, Linde's BBG VP and General Manager. "We are diligently working with our customers to make this a seamless transition for them."
With a workforce of more than 300, the BBG also has a full team of applications engineers completely in tune with its customers. Continuing to bring value-added technologies to its industrial gas users, this high-quality, profitable business has a strong presence in the Southeast, Midwest and Northeastern U.S.
Contact: Kevin McBride
Vice President and General Manager
Linde Gas LLC - Bulk Business Group
kevin.mcbride@us.linde-gas.com
(216) 520-8905
