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Praxair Canada Inc., the Canadian subsidiary of Danbury, CT-based Praxair, Inc. (NYSE: PX), has acquired five Airgas branch locations in western Canada, including Calgary, Red Deer and Edmonton, Alberta, and Regina and Saskatoon, Saskatchewan. Financial terms of the transaction were not disclosed.
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"This strategic divestiture enables us to redeploy capital resources to our core business in British Columbia, where we look forward to serving our loyal customers for years to come," said Edward Richards, North Pacific region president of Airgas.
"This acquisition supports our growth strategy in western Canada and enables us to better serve our existing customers and home oxygen clients in Alberta and Saskatchewan," said Matt White, president of Praxair Canada Inc. "The new employees are a welcome addition to our team."
Airgas (NYSE: ARG) is based in Radnor, PA.