Praxair Acquires Packaged Gas Distributor in Western Michigan
April 02, 2014
DANBURY, Conn., April 2, 2014 — Praxair, Inc. (NYSE: PX) announced today that it has acquired Lake Welding Supply Company, Inc. (Lake), one of the largest independent gas and welding products distributors in western Michigan. Financial terms of the transaction were not disclosed.
Lake, with 2013 annual sales of more than $20 million, is a long-time distributor of Praxair gases. Formed in 1953, the company’s headquarters and primary cylinder filling plant are located in Muskegon, Michigan, with additional retail stores in Holland, Ferrysburg and Manistee.
“Praxair has been an outstanding business partner for many years,” said Tom Lesneski, president of Lake Welding. “The entire Lake Welding team is excited to offer Praxair’s complete line of offerings to our valued customers.”
“Praxair supplies industrial gases to steel, manufacturing, automotive, food and beverage and other industries throughout Michigan and Lake is one of the finest distributors in the state,” said Praxair Distribution, Inc. President Scott Kaltrider. “We’re excited to welcome the Lake team to Praxair Distribution and look forward to working together to serve the area’s packaged gas customers.”
Praxair, Inc., a Fortune 250 company with 2013 sales of $12 billion, is the largest industrial gases company in North and South America and one of the largest worldwide. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and many others. More information about Praxair, Inc. is available at www.praxair.com.