Industrial gases company Praxair Inc. (NYSE: PX), Danbury, CT, has acquired five industrial gas businesses, with combined 2015 sales of $40 million. Terms were not disclosed.
In the U.S., Praxair acquired three independent distributors of industrial and specialty packaged gases – The Welding Center in Illinois, Indiana-based Welder Services and A&B Electric Motors and Supplies in Arizona.
In Panama, Praxair acquired Geneva Industrial Gases, a company that provides gases for industrial and medical purposes as well as for the metal fabrication segment. Additionally, Praxair’s Italian subsidiary, Rivoira, acquired Ossigas S.r.l., a company that produces, sells and distributes medical gases throughout the Southern and Northeastern regions of the country.
With these acquisitions, Praxair is growing geographic density and strengthening its ability to efficiently supply customers.