Praxair acquires Houston-based gas distributor

Praxair acquires Houston-based gas distributor

12:15 AM, 8th October 2011
Praxair acquires Houston-based gas distributor
John Panikar, President, Praxair Distribution Inc.

 

DANBURY, US: Praxair Distribution Inc, a subsidiary of Praxair Inc, has acquired National Alloy and Equipment Inc of Houston, Texas, an independent distributor of industrial and specialty gases and ancillary welding equipment, supplies and services. Financial terms of the transaction were not disclosed.

National Alloy is a market leader in northwestern Houston, one of the fastest growing welding markets in the US. The company’s core competency is technical support to the fabricators of high-pressure control packages and drilling risers for harsh off-shore environments that require low-alloy, high-strength wires and fluxes. The ability to design sophisticated welding packages and procedures makes National Alloy a one-stop supplier to the oil & energy industry.

“The addition of National Alloy is a great example of the targeted approach Praxair Distribution is taking to acquire high-quality independent distributors in geographies with attractive growth profiles which complement our existing infrastructure,” said John Panikar, President, Praxair Distribution Inc.

“Combining our business with Praxair not only benefits our employees but will enable us to provide an even broader array of products and services to our customers,” said Tony Hardin, President, National Alloy.

© WOC News

 

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