Despite the global economic crisis, Praxair Distribution Inc, is celebrating after a positive 2008.
A subsidiary of Praxair, Inc, Praxair Distribution Inc, supplies a comprehensive range of industrial, specialty and medical gases, and related equipment to 500 locations throughout the United States and Canada.
Today it was revealed that the company completed 15 acquisitions in 2008, with sales totaling nearly $90m.
Five of the acquisitions were made during the fourth quarter.
George Ristevski, President of Praxair Distribution said, “Our acquisition programme over the past two years has been very successful and remains an important part of our overall growth strategy.”
He added, “We have acquired 26 companies with sales exceeding $350m since 2007 and remain committed to acquiring selected, high-quality distribution businesses. We have many active projects in the pipeline that meet our strict return criteria.”