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Praxair Distribution, Danbury, CT, a division of Praxair Canada Inc., has acquired the Canadian propane tank-exchange business of Blue Rhino, a Ferrellgas Partners L.P. company.
Under the agreement, Praxair acquired more than 900 propane tank-exchange display cages at retail locations across Canada. In addition, it will take over the contract to supply more than 300 retail gasoline stations belonging to Shell Canada Products with 20-pound propane tanks for their exchange program. In conjunction with this transaction, Praxair also signed a distributor agreement with Superior Tank Incorporated. Superior Tank will serve Praxair's propane tank-exchange customers in the Atlantic Provinces.
Previously, Praxair provided propane tank filling and distribution services for Blue Rhino retailers in the six largest provinces of Canada. Now, Praxair will not only fill the tanks but will also market propane tank-exchange under its own trademark, PropaneQuikSwap, in 10 provinces across Canada.
Praxair, Inc. had 2005 sales of $7.7 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings.
Praxair Makes Two Acquisitions
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