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Praxair (PX) Acquires Five Industrial Gas Businesses

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Praxair Builds Density through Acquisition of Industrial and Medical Gas Businesses

April 21, 2016 9:30 AM EDT

DANBURY, Conn.--(BUSINESS WIRE)-- Praxair, Inc. (NYSE: PX) announced today that it has acquired five industrial gas businesses, which had combined 2015 annual sales of more than $40 million. With these acquisitions, Praxair is growing geographic density and strengthening its ability to efficiently supply customers. Financial terms of the transactions were not disclosed.

In the U.S., Praxair acquired three independent distributors of industrial and specialty packaged gases The Welding Center in... More

Praxair Signs Long-Term Agreement to Source Carbon Dioxide in the U.S.

April 19, 2016 9:30 AM EDT

DANBURY, Conn.--(BUSINESS WIRE)-- Praxair, Inc. (NYSE: PX) has signed a long-term agreement to purchase by-product carbon dioxide from US Nitrogen LLC, a subsidiary of Austin Powder Company, a leading provider of industrial blasting products and services.

Praxair will build, own and operate a carbon dioxide purification and liquefaction facility at US Nitrogens recently constructed ammonia plant in Tennessee, which is part of a larger vertical integration project. Praxairs facility will purify by-product carbon dioxide and produce beverage-quality liquid carbon dioxide for distribution and use by customers throughout the Southeastern and... More