Praxair acquires PortaGas

Praxair acquires PortaGas

7:16 AM, 14th December 2012
Praxair acquires PortaGas
John Panikar, President, Praxair Distribution Inc.

DANBURY, US: Praxair Distribution Inc, a subsidiary of Praxair Inc, has acquired PortaGas Inc, a leading producer of portable cylinder gases for the specialty gases market. PortaGas has 40 employees at its new and fully-automated specialty gases facility located in the greater Houston area. Financial terms of the transaction were not disclosed.

PortaGas supplies a variety of calibration gases used in industrial hygiene and safety applications. PortaGas has also developed unique, recyclable cylinders as an alternative to disposable cylinders.

“The addition of PortaGas broadens Praxair’s offering of portable cylinder gases. PortaGas’ recyclable cylinders provide customers with an environmental-friendly option and are a testament to Praxair’s commitment to sustainability. PortaGas has a world-class facility, highly capable people and extensive product offerings to support growth. We look forward to sharing technology and best practices,” said John Panikar, President, Praxair Distribution Inc.

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