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Headquarters: Danbury, CT
2012 Revenues: $5.6 billion
Change in Sales from 2011: 1.97%
2012 Divestments: advanced components business
2012 Acquisitions: Dominion Technology Gases; Tri-State Carbonic, LLC.'s Merchant Carbon Dioxide Business; NuCO2; PortaGas; Acetylene Oxygen Company; Canadian Cylinder & Gases Inc.; five Airgas branches in Western Canada; SIBUR - Russian Tyres industrial & packaged gases business; Welders Industrial Supply
Key Executives: Steve Angel, president & CEO; James Sawyer, CFO; Eduardo Menezes, president, North American Industrial Gases; John Panikar, president, Praxair Distribution Inc.
Though Praxair does have a distribution business, Praxair Distribution Inc., the company does not break out its sales for this segment of business. Instead, the company describes itself as a fully integrated industrial and medical gases company, providing the manufacture and distribution of specialty gases to a diverse cross-section of customers.
Most of the U.S. end-markets Praxair serves have grown in the past year, the exception being nonresidential construction, according to CFO James Sawyer. The sequestration likely had a negative impact on this segment, as the government sponsors around 50 percent of the nonresidential activity, he says.
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