Industrial gases company Praxair Inc. (NYSE: PX), Danbury, CT, has acquired Cryospec Inc., San Francisco, CA, and Garland Welding Supplies Inc., Garland, TX, with combined 2014 annual sales of $10 million. Terms were not disclosed.
Both companies are distributors of industrial and specialty packaged gases and related supplies. Cryospec has facilities in South San Francisco and Fremont, CA, while GWS operates a cylinder filling plant in Garland and a retail store in Rockwall, TX.
“The acquisition of these first-class distributors enables Praxair to further strengthen its presence in these important areas,” said Scott Kaltrider, Praxair president.
