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Praxair Distribution Inc., a subsidiary of industrial gases company Praxair Inc. (NYSE: PX), Danbury, CT, has merged its two joint venture companies operating in the southeastern U.S. – Praxair Distribution Southeast LLC and nexAir LLC. Terms were not disclosed.
Praxair Distribution Southeast LLC, operating in Florida and southeast Georgia, will merge into Memphis, TN-based nexAir LLC, with locations in Alabama, Arkansas, Georgia, Louisiana, Mississippi and Tennessee.
With the merger, nexAir will grow to have annual sales of $200 million and 67 locations, adding coverage throughout Florida. Its existing senior management team will continue to lead the combined business.