Praxair combines joint venture operations in South-eastern US

Praxair combines joint venture operations in South-eastern US

10:42 AM, 5th January 2016
Praxair combines joint venture operations in South-eastern US

DANBURY, US: Praxair Distribution Inc (PDI), a subsidiary of Praxair Inc said that its two joint venture companies operating in the South-eastern US have merged together. The transaction involves merging Praxair Distribution Southeast LLC (PDSE), in Florida and nexAir LLC in Tennessee.

nexAir will grow to have annual sales of more than $200 million and 67 locations with the merger, adding coverage throughout the state of Florida. Its existing senior management team will continue to lead the combined business.

“Both the PDSE and nexAir businesses have been very successful partnerships for PDI in the southeast and it makes sense to now combine them. It will allow us to streamline and simplify our management processes and improve customer focus and clarity around PDI’s channel strategy. Together we will provide a stronger network of services and capabilities throughout the region,” said Scott Kaltrider, president of Praxair Distribution Inc.

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