Sector News

Praxair acquires two distributors in California and Texas

July 9, 2015
Chemical Value Chain
Praxair, Inc. has announced the acquisition of two independent distributors of industrial and specialty packaged gases and related supplies in Cryospec, Inc. (Cryospec) in San Francisco (California) and Garland Welding Supplies, Inc. (GWS) in Garland (Texas).
 
The two companies add combined 2014 annual sales of around $10m to the Praxair portfolio.
 
“The acquisition of these first-class distributors enables Praxair to further strengthen its presence in these important areas,” said Praxair Distribution, Inc. President Scott Kaltrider.
 
“We are pleased to welcome the dedicated employees of these two distributors to Praxair and look forward to serving our new customers.”
 
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. Douglas Wells, Cryospec’s owner and President, said of its acquisition, “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.”
 
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 and owner and President Andrew Simons added, “GWS has a proven history of reliably serving our customers.”
 
“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.”
 
By Rob Cockerill
 
Source: Gasworld

comments closed

Related News

January 29, 2023

Dow and 3M cut thousands of jobs

Chemical Value Chain

3M and Dow have announced they are cutting thousands of roles from their global workforces in response to economic pressures. Dow has said it will cut 2,000 jobs across its global workforce (around 5%) in a bid to save US$1bn in 2023. The company says it will also cut costs by shutting down “select assets”, though it did not note where it would halt operations.

January 29, 2023

Sweden discovers Europe’s largest rare earths deposit

Chemical Value Chain

Sweden’s state mining firm has discovered what could be Europe’s largest rare earths deposit, and says it could help the bloc reduce its reliance on imports of minerals needed to manufacture clean technologies and meet climate targets.

January 29, 2023

Avantium to supply Henkel with plant-based FDCA

Chemical Value Chain

Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).

How can we help you?

We're easy to reach