March 10, 2009
Praxair Distribution Inc., a subsidiary of Praxair Inc., Danbury, Conn., has announced that it completed 15 acquisitions in 2008, with sales totaling nearly $90 million, including five acquisitions made during the fourth quarter.
"Our acquisition program over the past two years has been very successful and remains an important part of our overall growth strategy," said George Ristevski, president of Praxair Distribution. "We have acquired 26 companies with sales exceeding $350 million since 2007 and remain committed to acquiring selected, high-quality distribution businesses. We have many active projects in the pipeline that meet our strict return criteria."
Praxair Distribution is a supplier of industrial, specialty, and medical gases and related equipment, with 500 locations throughout the U.S. and Canada. Praxair Inc. produces, sells, and distributes atmospheric, process, and specialty gases and surface coatings.