MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

Praxair To Sell European Businesses

Praxair Inc. (NYSE: PX), Danbury, CT, has agreed to sell the majority of its businesses in Europe to Taiyo Nippon Sanso Corporation for EUR 5 billion in cash (US$5.6 billion), subject to customary adjustments at closing. The businesses generated annual sales of approximately EUR 1.3 billion (US$1.5 billion) in 2017.

The agreement is subject to the successful closing of the Praxair-Linde merger, announced last year, and other regulatory approvals, the company said.

The assets to be sold include Praxair’s industrial gases businesses in Belgium, Denmark, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden and the United Kingdom, and include approximately 2,500 employees. Praxair will continue to own, operate and maintain the businesses until the closing of the merger and the European divestiture transaction, the company said.

 

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center