Praxair Distribution, Inc., a subsidiary of Praxair, Inc., has acquired a Houston based gas distributor – National Alloy and Equipment, Inc.
The latest acquisition is an independent distributor of industrial and specialty gases, as well as ancillary welding equipment, supplies and services. Financial terms of the agreement have not been disclosed.
John Panikar, President of Praxair Distribution, Inc., “The addition of National Alloy is a great example of the targeted approach Praxair Distribution is taking to acquire high-quality independent distributors in geographies with attractive growth profiles which complement our existing infrastructure.”
National Alloy is a based in one of the fastest growing welding markets in the US. The company’s core service is focused towards providing technical support to the fabricators of high-pressure control packages and drilling risers for off-shore environments that require low-alloy, high-strength wires and fluxes. Tony Hardin, National Alloy President responded well to the acquisition, he said, “For over 20 years, our employees have delivered quality products and services. This, along with our customer service philosophy, has allowed us to become a market leader in the welding and gas segment in Houston.”
“Combining our business with Praxair not only benefits our employees but will enable us to provide an even broader array of products and services to our customers."
Houston, Texas, based Thigpen Energy has selected Chart for the provision of LNG fueling equipment and supplies – with construction already underway. Earlier this week it was announced that the company’s eastern European outfit, Chart Ferox, was chosen to construct LNG filling station in Poland.
Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.
To find out more about gasworld's advertising opportunities click here.