Praxair Distribution, Inc, a subsidiary of Praxair Inc, has acquired Kirk Welding Supply Inc. of Kansas City, Missouri and added the company to its impressive list of transactions in the past year alone, though financial terms of the transaction have not been disclosed.
Kirk Welding Supply recorded sales of $28m during 2007 and through 10 locations in eastern Kansas and western Missouri, the company sells high-pressure industrial and specialty gases, welding equipment and related supplies and services. Complementing an array of other acquisitions completed by Praxair Distribution over the past 12 months, the transaction is seen as a smooth fit and as strengthening the company’s springboard for progression.
George Ristevski, President of Praxair Distribution Inc, confirmed, “The acquisition of Kirk Welding Supply provides a great growth platform from which Praxair can better serve customers in eastern Kansas and western Missouri.”
“Praxair is the best operational and strategic fit for us. We are confident that as part of Praxair, we can offer expanded service capabilities that will benefit our customers, our employees and our communities,” said Kirk Welding Supply President, Rick Hanchette, who has joined Praxair.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2007 sales of $9.4bn, producing, selling and distributing atmospheric and process gases, and high-performance surface coatings.