Praxair has acquired Tecnogas, a local producer and distributor of carbon dioxide and industrial gases in Peru.
Tecnogas has been serving customers in Peru for more than 50 years and, with annual revenue of approximately $10m, the business serves almost 400 customers across a variety of end markets including food and beverage, healthcare and metal fabrication.
Additionally, Tecnogas owns and operates three carbon dioxide production plants that Praxair will use to serve the growing demand for the gas in the country.
“The acquisition of Tecnogas is consistent with our business strategy to build production and distribution density in South America,” said Domingos Bulus, President, Praxair South America.
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