The expression ‘what goes around, comes around’ springs to mind with the merger of Praxair, Inc. and The Linde Group, sharing roots that date back to World War I as they so notably do.
Following the War, Linde assets were confiscated and sold to Union Carbide in 1919 – which included the rights to use the Linde name in the US. From 1963, the industrial gases arm of Union Carbide was known as ‘the Linde division’. When Union Carbide decided to spin-off that gases division in 1992, Praxair was formed.
Since then, Praxair has carved out an illustrious recent history in its own right, establishing itself as the most performance driven industrial gases company – a status it still holds today – and improving its financial performance through the 1990s and 2000s.
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