By Helen Carmichael2012-01-24T09:03:00+00:00
Praxair Distribution, Inc. has acquired Pasadena, TX-based Welders Industrial Supply, an independent distributor offering industrial and specialty gases, welding equipment, supplies and related services
Founded in 2009 by Ernest W. ‘Cotton’ Speed III, WIS supplies customers in the greater Houston area, and operates from a newly constructed retail and cylinder filling plant facility in Pasadena. The company has some $4m in annual revenue and 10 employees.
Praxair Distribution has also recently acquired Houston-based independent distributors Texas Welders Supply Company and National Alloy in December and August 2011, respectively.
“Cotton Speed and his family have a long, successful track record of owning and growing gas distributorships throughout Texas. We look forward to further strengthening our ability to meet customer requirements through his and his team’s in-depth knowledge of the Texas market,” said John Panikar, president of Praxair Distribution.
“Our employees are dedicated to delivering quality products and services to our customers,” said Cotton Speed. “I am confident that combining our business with Praxair will benefit our employees and will enable us to provide an even broader array of products and services to our customers.”
Praxair’s has also recently agreed to acquire Texas Welders Supply Company (TWSCO) and the American Gas Group, a leading supplier of specialty gases worldwide.
The silicon specialist, Dow Corning has entered into a long-term supply deal with Air Products in which Dow Corning will provide electronic-grade silane - an essential component used in manufacturing flat panel displays, semiconductors and photovoltaic cells.
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