Praxair Acquires Cincinnati-Based Gas Distributor; Terms Not Disclosed

Praxair Distribution, Inc., a subsidiary of Praxair, Inc. (NYSE: PX), has acquired the assets of Weldco Inc., a market leader in Cincinnati, Ohio, which is one of the top 20 welding markets in the U.S. 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."