Press release

< Acquisitions and divestitures

Air Liquide America Acquires Texas Instruments Chemical Operations

Houston, Texas (April 4, 1997) - Air Liquide America Corporation announced today that it has reached an agreement with Texas Instruments (TI) to purchase its Chemical Operations Department. Terms were not disclosed and subject to federal approval, closing is expected by the end of April.

"This acquisition builds on the current successful partnership between Air Liquide America and Texas Instruments by bringing together needed gases, chemicals and service capabilities. It not only strengthens our ability to serve TI as Air Liquide's largest electronics customer worldwide, but gives them an opportunity to reduce costs," said Patrick Verschelde, President and CEO, Air Liquide America. "As a customer-driven organization providing creative solutions through differentiated products and services, this agreement is consistent with our commitment to being a stronger service provider to TI."

"TI and Air Liquide America have had a very successful relationship for almost 20 years," said K. Bala, Senior Vice President, TI Semiconductor Group. "This acquisition by Air Liquide America will further our association by providing employees the chance to grow with a company focused on chemical processing, while giving Texas Instruments increased competitive advantage."

At the completion of the transaction, approximately 200 TI employees will transition to Air Liquide.

Texas Instruments Incorporated, headquartered in Dallas, Texas, is one of the world's foremost high technology companies, with sales or manufacturing operations in more than 30 countries. TI products and services include semiconductors, software productivity tools, consumer electronics products, electrical controls, and metallurgical materials.

Air Liquide America is part of the Air Liquide Group, the world's largest industrial gas organization. It specializes in industrial gases such as cryogenic and non-cryogenic oxygen and nitrogen, as well as carbon dioxide, argon, acetylene, hydrogen, carbon monoxide, helium, ozone and a full line of specialty and medical gases and associated services. Air Liquide also supplies cogenerated steam and electricity to select industrial customers. Air Liquide provides innovative solutions to improve the industrial performance of its customers and help them protect the environment.

Air Liquide employs 26,100 persons, working in 125 subsidiaries in more than 60 countries. In 1995, it posted sales of $6.4 billion (US Dollars).