Published:
Air Products Completes Sale of A&J Care and COPD Services to Landauer Metropolitan
LEHIGH VALLEY, Pa., Sept. 5 /PRNewswire-FirstCall/ -- Air Products
(NYSE: APD) has completed the sale of its U.S. healthcare businesses, A&J Care
and COPD Services, to Landauer Metropolitan Inc. (LMI), the largest provider
of durable medical equipment, respiratory and infusion services in the
northeast, based inMount Vernon, NY. Terms of the deal were not disclosed.
Air Products announced in July plans to sell its U.S. Healthcare business
and begin reporting the business as a discontinued operation. As part of that
announcement, the company said it had reached preliminary agreement to sell
A&J Care's metropolitanNew York operations inGlendale andPeekskill and COPD
Services'New Jersey operations inRunnemede,Cape May Courthouse andCedar
Grove. The 180 employees associated with these businesses have been offered
employment with LMI.
"We are pleased to complete this sale to LMI as they are a large and
reputable supplier of homecare products and services," said Phil Sproger, vice
president and general manager, U.S. Healthcare. "We wish our employees well as
they continue their employment with LMI and thank them for their hard work and
dedication under difficult circumstances."
Air Products (NYSE: APD) serves customers in industrial, energy,
technology and healthcare markets worldwide with a unique portfolio of
atmospheric gases, process and specialty gases, performance materials, and
equipment and services. Founded in 1940, Air Products has built leading
positions in key growth markets such as semiconductor materials, refinery
hydrogen, home healthcare services, natural gas liquefaction, and advanced
coatings and adhesives. The company is recognized for its innovative culture,
operational excellence and commitment to safety and the environment. Air
Products has annual revenues of $10 billion, operations in over 40 countries,
and 22,000 employees around the globe. For more information, visit
http://www.airproducts.com.
***NOTE: This release may contain forward-looking statements. Actual
results could vary materially, due to changes in current expectations.
SOURCE Air Products
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