Praxair Acquires Packaged Gas Distributors in Texas and Oklahoma
March 11 2014 - 2:52PM
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 Freeport, Texas.
“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 Kaltrider. “We are
excited to have them join the Praxair team and look forward to
serving our new customers.”
About Praxair
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.
Praxair, Inc.Media:Kristen McCarthy,
203-837-2371kristen_mccarthy@praxair.comorInvestors:Kelcey Hoyt,
203-837-2118kelcey_hoyt@praxair.com
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