Praxair Distribution Acquires Three Packaged Gas Companies
April 14, 2009
DANBURY, Conn., April 14, 2009 — Praxair Distribution Inc., a subsidiary of Praxair, Inc. (NYSE: PX), has acquired Alabama Welding Supply of Dolomite, Ala., Fowler Brothers of Birmingham, Ala., and Service Gas Supply, Inc. of Midlothian, Texas.
The acquisitions involve four locations in Alabama and one in Texas. These operations will be integrated into Praxair Distribution’s Southern Region.
“We continue to execute our strategy of acquiring high quality distribution businesses that fit our portfolio while maintaining our strict return criteria,” said George Ristevski, president of Praxair Distribution. Terms of the transactions were not released.
Praxair Distribution, with sales of $1.7 billion, supplies a comprehensive range of industrial, specialty and medical gases and related equipment from 500 locations throughout the U.S. and Canada.
Praxair, Inc. is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2008 sales of $10.8 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair is a recognized leader in the commercialization of new technologies that bring productivity and environmental benefits to a diverse group of industries, including aerospace, chemicals, electronics, energy, food and beverage, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.