On the Record · Air Products & Chemicals
Air Products & Chemicals acquisitions, on the record
The businesses Air Products & Chemicals bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
small industrial gas business in RussiaWord for word“In fiscal year 2022, we divested our small industrial gas business in Russia due to Russia's invasion of Ukraine.” 10-K for 2023 | divestiture | fiscal year 2022 | — |
natural gas-to-syngas processing facility in Qashqadaryo Province, UzbekistanWord for word“On 25 May 2023, we entered into an investment agreement with the Government of the Republic of Uzbekistan and Uzbekneftegaz JSC (“UNG”) to purchase a natural gas-to-syngas processing facility in Qashqadaryo Province, Uzbekistan, for $ 1 billion.” 10-K for 2023 | agreed acquisition | 25 May 2023 | $ 1 billion |
one of the two businesses separated from TIG joint ventureWord for word“Effective 23 February 2021 (the "acquisition date"), TIG was separated into two businesses, one of which we acquired on a 100 % basis.” 10-K for 2023 | acquisition | 23 February 2021 | — |
JIGPC project assets acquired from Aramco (second phase)Word for word“The first phase was completed on 27 October 2021 for $ 7.39 billion, and the second phase was completed for $ 4.15 billion on 19 January 2023.” 10-K for 2023 | acquisition | 19 January 2023 | $ 4.15 billion |
Jazan Gas Project Company air separation units sold to AramcoWord for word“The parties terminated the supply agreement in October 2021, and JGPC sold its air separation units to Aramco.” 10-K for 2023 | divestiture | October 2021 | — |
liquefied natural gas process technology and equipment business sold to Honeywell International Inc.Word for word“On 30 September 2024, we completed the sale of our liquefied natural gas ("LNG") process technology and equipment business to Honeywell International Inc. for approximately $ 1.8 billion in an all-cash transaction.” 10-K for 2024 | divestiture | 30 September 2024 | approximately $ 1.8 billion |
sustainable aviation fuel facility in Paramount, California from World EnergyWord for word“In November 2023, we finalized an agreement to purchase a sustainable aviation fuel ("SAF") facility in Paramount, California from World Energy.” 10-K for 2024 | acquisition | November 2023 | — |
25% ... 55% ownership interest in the JIGPC joint ventureWord for word“During the first quarter of fiscal year 2022, we made an initial investment of $ 1.6 billion to acquire a 55 % ownership interest in the JIGPC joint venture, of which 4 % is attributable to the noncontrolling partner of APQ.” 10-K for 2024 | acquisition | during the first quarter of fiscal year 2022 | $ 1.6 billion |
100% ownership interest in a consolidated subsidiary located in SingaporeWord for word“In April 2025, we completed the sale of our 100 % ownership interest in a consolidated subsidiary located in Singapore.” 10-K for 2025 | divestiture | April 2025 | — |
LNG process technology and equipment businessWord for word“On 30 September 2024, we completed the sale of our liquefied natural gas ("LNG") process technology and equipment business to Honeywell International Inc. for approximately $ 1.8 billion in an all-cash transaction.” 10-K for 2025 | divestiture | 30 September 2024 | approximately $ 1.8 billion |
Ijsfabriek StrombeekWord for word“On 30 April 2025, we acquired a 100 % interest in Ijsfabriek Strombeek, an independent industrial gases company located in Belgium.” 10-K for 2025 | acquisition | 30 April 2025 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-09-30 | $0 | $0 |
| 2017-09-30 | $8.2 million | $3.5 million |
| 2018-09-30 | $345.4 million | $78 million |
| 2019-09-30 | $123.2 million | $48.6 million |
| 2020-09-30 | $183.3 million | $71.1 million |
| 2021-09-30 | $10.5 million | $21 million |
| 2022-09-30 | $65.1 million | $24.5 million |
| 2023-09-30 | $0 | — |
| 2024-09-30 | $0 | — |
| 2025-09-30 | $59.9 million | $31.3 million |
Deal filings since 2016
- 2024-03-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-10-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-10-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-05-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Air Products & Chemicals’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2025-11-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.