Praxair, Inc. has announced the acquisition of two independent distributors of industrial and specialty packaged gases and related supplies in Cryospec, Inc. (Cryospec) in San Francisco (California) and Garland Welding Supplies, Inc. (GWS) in Garland (Texas).
The two companies add combined 2014 annual sales of around $10m to the Praxair portfolio.
“The acquisition of these first-class distributors enables Praxair to further strengthen its presence in these important areas,” said Praxair Distribution, Inc. President Scott Kaltrider.
“We are pleased to welcome the dedicated employees of these two distributors to Praxair and look forward to serving our new customers.”
Cryospec has served the life science and electronics industries in the greater Bay Area for 17 years from its facilities located in South San Francisco and Fremont, California. Douglas Wells, Cryospec’s owner and President, said of its acquisition, “Praxair is the best operational and strategic fit for us. Joining Praxair enables us to provide an even broader array of products and services to our customers.”
GWS, family-owned and operated since its founding in 1967, is one of the oldest independent gas and welding products distributors in the greater Dallas area. The Company operates a cylinder filling plant in Garland and a retail store in Rockwall, Texas and owner and President Andrew Simons added, “GWS has a proven history of reliably serving our customers.”
“As part of Praxair, we will continue to provide quality service, but with added supply reliability and other benefits that Praxair brings to our customers and employees.”