Praxair acquires packaged gas distributors in California Texas

Praxair acquires packaged gas distributors in California and Texas

3:58 PM, 9th July 2015
Praxair acquires packaged gas distributors in California and Texas

DANBURY, US: Praxair Inc said that it has acquired two independent distributors of industrial and specialty packaged gases and related supplies Cryospec Inc in San Francisco, California, and Garland Welding Supplies Inc in Garland, Texas, with combined 2014 annual sales of about $10 million. Financial terms of the transactions were not disclosed.

“The acquisition of these first-class distributors enables Praxair to further strengthen its presence in these important areas,” said Scott Kaltrider, president, Praxair Distribution Inc.

Cryospec has served the life science and electronics industries in the greater Bay Area for 17 years from its facilities located in South San Francisco and Fremont, California. “Praxair is the best operational and strategic fit for us. Joining Praxair enables us to provide an even broader array of products and services to our customers,” said Douglas Wells, owner and president, Cryospec.

GWS, family owned and operated since its founding in 1967, is one of the oldest independent gas and welding products distributors in the greater Dallas area. The company operates a cylinder filling plant in Garland and a retail store in Rockwall, Texas. “As part of Praxair, we will continue to provide quality service, but with added supply reliability and other benefits that Praxair brings to our customers and employees,” said Andrew Simons, owner and president, GWS.

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