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DANBURY, US: Praxair Inc has completed the acquisition of its industrial gases distribution joint venture, Praxair Distribution Mid-Atlantic, LLC (PDMA). Praxair previously held a majority ownership stake in the business. Terms of the agreement were not disclosed.
“Fully integrating PDMA’s operations into our core packaged gases business will enable us to achieve further synergies. This business is an attractive mix of industrial gases and welding products and supplies and has successfully been aligned with our operations over the past six years,” said Scott Kaltrider, President, Praxair Distribution, Inc.
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