Praxair (PX) Acquires Welders Industrial Supply, LLC
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Praxair Distribution, Inc., a subsidiary of Praxair, Inc. (NYSE: PX), has acquired Welders Industrial Supply, LLC of Pasadena, Texas. WIS, founded in 2009 by Ernest W. "Cotton" Speed III, is an independent distributor of industrial and specialty gases, welding equipment, supplies and related services to customers in the greater Houston, Texas, area. Financial terms of the transaction were not disclosed.
WIS operates from a newly constructed retail and cylinder filling plant facility in Pasadena, Texas. The company has approximately $4 million in annual revenue and 10 employees.
WIS operates from a newly constructed retail and cylinder filling plant facility in Pasadena, Texas. The company has approximately $4 million in annual revenue and 10 employees.
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