Praxair sells advanced components business FM Industries

Praxair sells advanced components business to FM Industries

2:21 AM, 2nd February 2012
Praxair sells advanced components business to FM Industries

DANBURY, US: Praxair Inc has executed a definitive agreement by which Praxair sold its advanced components business to FM Industries Inc. FM Industries is a wholly-owned subsidiary of NGK Insulators, Japan. The business employs approximately 70 people and generated sales of $28 million during 2011. Under the agreement, FM Industries Inc acquires operating facilities in Poughkeepsie, New York and Phoenix, Arizona. “Praxair remains committed to the electronics market and will continue to actively pursue opportunities in the semiconductor, display and photovoltaic industries with our gases and materials-science products and services,” said David Strauss, Managing Director, Electronic Materials Business, Praxair.

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