Praxair acquires two distributors
Praxair has acquired United Welding Supplies in Texas and Best Welders Supply Inc. in Oklahoma.
The companies have combined 2013 annual sales of about $30 million. Financial terms of the transactions were not disclosed.
“Praxair is the best operational and strategic fit for United,” said Carolyn Johnson, owner and president. “Praxair will help our business enhance its product offerings, serve customers and continue to grow.”
Best Welders Supply has 25 employees and has served the Tulsa area for 50 years. Its headquarters facility in Tulsa includes a cylinder fill plant, retail store and administrative offices.
“We’re excited about the future,” said Best owner and president Mark Davidson. “As part of Praxair, we will have access to the resources and support of one of the strongest and best industrial gases companies in the world, and we’ll be able to serve customers and grow the business in ways we couldn’t manage on our own.”
“We have been steadily growing our packaged and small bulk business in Houston and the Gulf Coast region. In addition, the growing Tulsa region has a strong economy supported by a healthy oil and gas industry and aerospace equipment manufacturing. The acquisition of these well-established distributors enables Praxair to further strengthen its presence in these important geographies,” said Praxair Distribution Inc. President Scott Kaltrider. “We are excited to have them join the Praxair team and look forward to serving our new customers.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
