BOC Acquires Quality Gas Products

Move Strengthens BOC's Position in Gulf Coast Market



Apr 02, 2001, 01:00 ET from The BOC Group

    MURRAY HILL, N.J., April 2 /PRNewswire/ -- In a move designed to increase
 BOC's penetration of the Gulf Coast area specialty gases market, BOC acquired
 the assets of Quality Gas Products Inc. of Baton Rouge, Louisiana.  The
 acquisition will add more than $750k annual revenue and enhance the
 profitability of BOC's specialty gases business.
     "This move reinforces our commitment to the Gulf Coast area, and supports
 our long-term growth strategy for specialty gases," said Scott Hickes, special
 gases product manager, BOC.  "In addition to increased revenues, the
 acquisition strengthens BOC Specialty Gases in several critical areas, such as
 blending technology and technical expertise."
     The operations of Quality Gas Products have been assumed by BOC's Port
 Allen, Louisiana specialty gases production facility.  "The Port Allen
 facility has both the technology and capacity to easily handle the increased
 volume of the acquisition and still leave room for future growth," added
 Hickes.
     The Port Allen plant recently underwent a multimillion-dollar renovation
 and expansion.  It features automated process control, dynamic blending
 techniques, new liquid and gaseous hydrocarbon filling facilities, extensive
 analytical capabilities, and innovative distribution technologies -- all in an
 optimized process flow environment.
     "Our investment in Port Allen, the acquisition of Quality Gas Products and
 our current plans to construct a new cylinder production facility in the
 Houston area underscore the strength of our commitment to Gulf Coast process
 chemical manufacturers," said Hickes.
     BOC is a leading supplier of industrial and special gases to the chemical
 processing industry in the Gulf Coast.  In the past several months, BOC has
 been the recipient of a significant number of new cylinder supply contracts
 including a North America contract with Dow Chemical valued at more than
 $40 million.
 
     The BOC Group (NYSE:   BOX), which serves two million customers in more than
 50 countries, is one of the largest and most global of the world's leading
 gases companies.  It employs nearly 43,000 people and had annual sales of
 nearly $5.8 billion in 2000.  Further information about The BOC Group may be
 obtained on the Internet at http://www.boc.com.
 
 

SOURCE The BOC Group
    MURRAY HILL, N.J., April 2 /PRNewswire/ -- In a move designed to increase
 BOC's penetration of the Gulf Coast area specialty gases market, BOC acquired
 the assets of Quality Gas Products Inc. of Baton Rouge, Louisiana.  The
 acquisition will add more than $750k annual revenue and enhance the
 profitability of BOC's specialty gases business.
     "This move reinforces our commitment to the Gulf Coast area, and supports
 our long-term growth strategy for specialty gases," said Scott Hickes, special
 gases product manager, BOC.  "In addition to increased revenues, the
 acquisition strengthens BOC Specialty Gases in several critical areas, such as
 blending technology and technical expertise."
     The operations of Quality Gas Products have been assumed by BOC's Port
 Allen, Louisiana specialty gases production facility.  "The Port Allen
 facility has both the technology and capacity to easily handle the increased
 volume of the acquisition and still leave room for future growth," added
 Hickes.
     The Port Allen plant recently underwent a multimillion-dollar renovation
 and expansion.  It features automated process control, dynamic blending
 techniques, new liquid and gaseous hydrocarbon filling facilities, extensive
 analytical capabilities, and innovative distribution technologies -- all in an
 optimized process flow environment.
     "Our investment in Port Allen, the acquisition of Quality Gas Products and
 our current plans to construct a new cylinder production facility in the
 Houston area underscore the strength of our commitment to Gulf Coast process
 chemical manufacturers," said Hickes.
     BOC is a leading supplier of industrial and special gases to the chemical
 processing industry in the Gulf Coast.  In the past several months, BOC has
 been the recipient of a significant number of new cylinder supply contracts
 including a North America contract with Dow Chemical valued at more than
 $40 million.
 
     The BOC Group (NYSE:   BOX), which serves two million customers in more than
 50 countries, is one of the largest and most global of the world's leading
 gases companies.  It employs nearly 43,000 people and had annual sales of
 nearly $5.8 billion in 2000.  Further information about The BOC Group may be
 obtained on the Internet at http://www.boc.com.
 
 SOURCE  The BOC Group