Praxair and Merck Dissolve Formal Alliance
May 8, 2001
Praxair, Inc. and Merck KGaA recently announced that their strategic alliance and joint research efforts have been discontinued. The agreements, signed over two years ago, included cooperative efforts in developing, distributing, marketing and selling gases and chemicals, equipment and services for the worldwide semiconductor industry. Calling this a "friendly dissolution," Praxair and Merck may continue to work together in specific geographic regions and with individual customers to offer a complete gas and chemical solution to semiconductor manufacturers. The separation is a result of a change in strategic focus for both companies.
For additional information, visit http://www.praxair.com.