Posted August 18, 2011
Praxair acquires Weldco Inc.
Praxair Distribution Inc. has acquired the assets of Weldco Inc., a Cincinnati-based welding distributor.
With 23 employees and sales of $8 million, Weldco is an independent distributor of industrial and specialty gases and ancillary welding equipment, supplies and services. Financial terms of the transaction were not disclosed.
"The addition of Weldco to our existing presence in the Greater Cincinnati area further strengthens our ability to serve customers and build an even stronger business in southwestern Ohio and northeastern Kentucky," said John Panikar, president of Praxair Distribution Inc.
"Our dedicated employees have delivered quality products and services with complete confidence and customer satisfaction," said Weldco president Tim Trame. Combining our business with Praxair will continue to benefit our customers and employees."
Panikar said the acquisition of Weldco complements several other recent acquisitions made in the first half of 2011 and those expected to be completed by year-end. "Praxair will continue to take a proactive, targeted approach to acquire high quality independent distributors aligned with Praxair's business strategy," Panikar said.
