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.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

DKSH acquires chemicals distributor Andreas Jennow in northern Europe

ZURICH, SWITZERLAND: DKSH Holding AG said it has acquired Andreas Jennow, a top-ranking specialty chemicals distributor in Northern Europe. With this ...

Read more
Evonik starts up metal powder catalysts pilot plant in China

ESSEN, GERMANY: Evonik Industries AG said it has completed the construction and commissioning of a new pilot plant for precious metal powder catalysts ...

Read more
Saudi Aramco improves Berri ethane gas plant efficiency

DHAHRAN, SAUDI ARABIA: Saudi Aramco said that the Berri gas plant department has successfully commissioned a new, more efficient ethane liquefaction e ...

Read more
Rosneft to buy 49 pc stake in Essar’s Vadinar refinery in India

MOSCOW, RUSSIA: Rosneft chairman of the management board Igor Sechin and Essar Group founder Shashi Ruia signed a long-term contract for oil supplies ...

Read more
Bayer CropScience, Evonik to invest more than $200 million in US

MOBILE, US: Bayer CropScience AG said in partnership with Evonik Industries AG it plans to invest more than $200 million, to construct two chemical ma ...

Read more
Linde to install world’s largest on-site fluorine plant in South Korea

SAN FRANCISCO, US: Linde Electronics and Specialty Gases, affiliate of Linde North America, member of Linde Group, said it will install a new on-site ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X