Air Products completes $1.81B sale of LNG business to Honeywell

Air Products & Chemicals, Inc.

Sale of LNG process technology and equipment business to Honeywell for $1.81B in cash.
Transaction originally announced July 2024; all closing conditions and regulatory approvals met.
Transferred ~475 employees and Port Manatee, FL coil-wound heat exchanger facility.
Divestiture sharpens focus on industrial gases and clean hydrogen growth strategy.
Air Products received $1.81B cash proceeds; Lazard and Skadden advised the company.

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