American Gas Group, a leading supplier of specialty gases worldwide, joined Praxair Distribution mid December, 2011.
Comprised of Specialty Gases of America, Inc., American Specialty Gases Inc., Semiconductor Resources, Inc. and Specialty Gases of America, LLC, the AGG business includes facilities in Toledo, Ohio and Wheeling Illinois. It has56 employees and annual sales of $28m.
One of the largest independent specialty gas producers in North America, AGG packages a variety of specialty gases including EPA Protocols, hydrocarbons, VOC mixtures, reactive mixtures, high-purity chemicals and research-grade gases in addition to industrial and medical gas products.
“Praxair is a perfect fit for our company and our two organizations complement each other. We have been working for several years to put this deal together”
Financial terms of the transaction were not been disclosed. John Armelagos, one of AGG’s owners prior to the sale to Praxair, said, “Praxair is a perfect fit for our company and our two organizations complement each other. We have been working for several years to put this deal together. The tragic and untimely death of Ron Corns, AGG’s CEO, is a great loss for all of us. Ron was instrumental in developing and fostering the relationship with Praxair and was excited by the vision of what our two organizations could achieve together. We will greatly miss his leadership.”
“The addition of AGG to the Praxair network strengthens our Midwest specialty gas production capabilities and provides an important channel to support our distributor network,” said John Panikar, president of Praxair Distribution, Inc.
“AGG has a world class facility, capable people and an extensive product offering to support growth. We are excited to have the American Gas Group employees on the Praxair team and look forward to sharing technology and best practices.”