Panama: Air Liquide Acquires Cryogas

The french company Air Liquide has acquired Panamanian Cryogas, which supplies medical and industrial gases.

Thursday, July 29, 2010

According to a press release from Air Liquide, Cryogas employs more than 80 people at various locations in Panama.

The French corporation acquired all operations and shares in the Panamanian company, marking the beginning of its presence in the country.

Michael Graff, president and CEO of American Air Liquide Holdings Inc, commented that, "emerging economies are key to the growth of Air Liquide... Our innovative products and the demand generated by large-scale infrastructure projects such as the Panama Canal expansion motivated us to look for growth in Latin America".

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