|[March 11, 2014]
Praxair Acquires Packaged Gas Distributors in Texas and Oklahoma
DANBURY, Conn. --(Business Wire)--
Praxair, Inc. (NYSE: PX) announced today that it has acquired two
independent distributors of packaged gas and welding supplies - United
Welding Supplies, LLC (United) in Texas and Best Welders Supply, Inc.
(Best) in Oklahoma, with combined 2013 annual sales of about $30
million. Financial terms of the transactions were not disclosed.
United is one of the largest independent gas and welding products
distributors in the greater Houston area. United has 49 employees and
operates three locations, including its headquarters and primary
cylinder filling plant in Houston and retail stores in LaPorte and
"Praxair is the best operational and strategic fit for United," said
Carolyn Johnson, owner and president. "Praxair will help our business
enhance its product offerings, serve customers and continue to grow."
Best Welders Supply has 25 employees and has served the Tulsa area for
50 years. Its headquarters facility in Tulsa includes a cylinder fill
plant, retail store and administrative offices.
"We're excited about the future," said Best owner and President Mark
Davidson. "As part of Praxair, we will have access to the resources and
support of one of the strongest and best industrial gases companies in
the world, and we'll be able to serve customers and grow the business in
ways we couldn't manage on our own."
"We have been steadily growing our packaged and small bulk business in
Houston and the Gulf Coast region. In addition, the growing Tulsa region
has a strong economy supported by a healthy oil and gas industry and
aerospace equipment manufacturing. The acquisition of these
well-established distributors enables Praxair to further strengthen its
presence in these important geographies," said Praxair Distribution,
Inc. President Scott altrider. "We are excited to have them join the
Praxair team and look forward to serving our new 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
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,
and beverage, electronics,
manufacturing, metals and many others. More information about Praxair,
Inc. is available at www.praxair.com.
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