Praxair Distribution, Inc., a subsidiary of Praxair, Inc. (NYSE: PX), Danbury, CT, has agreed to acquire Houston, TX-based Texas Welders Supply Company. Financial terms of the transaction were not disclosed.
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TWSCO, a long-time distributor of Praxair, is an independent gas and welding products distributor with four locations in the Houston area and projected 2011 sales of $56 million.
\”TWSCO’s sales, technical support and related services are directed primarily to the energy sector, which, combined with Praxair’s broader presence serving global refinery and petrochemical customers along the Gulf Coast with pipeline and bulk liquid gases, expands Praxair’s capabilities to supply industrial and specialty gases, equipment and services to these customers,\” said John Panikar, president of PDI.
