M&A Deal Summary

Praxair Acquires Acetylene Oxygen

On November 16, 2012, Praxair acquired chemicals company Acetylene Oxygen

Acquisition Highlights
  • This is Praxair’s 4th transaction in the Chemicals sector.
  • This is Praxair’s 34th transaction in the United States.
  • This is Praxair’s 8th transaction in Texas.

M&A Deal Summary
Date 2012-11-16
Target Acetylene Oxygen
Sector Chemicals
Buyer(s) Praxair
Deal Type Add-on Acquisition
Advisor(s) Sperry, Mitchell & Co., Inc. (Financial)

Target

Acetylene Oxygen

Harlingen, Texas, United States
Acetylene Oxygen Co., a provider of air industrial gases, independent gas and welding products distributors in the U.S. AOC operates from twenty four locations throughout central and southern Texas, including 4 cylinder filling plants.

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Buyer(S) 1

Buyer

Praxair

Danbury, Connecticut, United States
Category Company
Founded 1907
Sector Chemicals
Revenue 10.5B USD (2016)
DESCRIPTION
View of Praxair's corporate headquarters in Danbury, Connecticut.
View of Praxair's corporate headquarters in Danbury, Connecticut.

Praxair is an industrial gases company that produces, sells, and distributes atmospheric and process gases, and high-performance surface coatings. The company's products, services, and technologies serve a variety of industries including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals, and others. Praxair was formed in 1907 and is based in Danbury, Connecticut.

DEAL STATS #
Overall 39 of 58
Sector (Chemicals) 4 of 12
Type (Add-on Acquisition) 34 of 51
State (Texas) 8 of 11
Country (United States) 34 of 46
Year (2012) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-29 Canadian Cylinder & Gases

Prince George, British Columbia, Canada

Canadian Cylinder & Gases, Inc. is an independent distributor of industrial and specialty gases and welding equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-13 PortaGas

Pasadena, Texas, United States

PortaGas supplies a variety of calibration gases used in industrial hygiene and safety applications. PortaGas has also developed unique, recyclable cylinders as an alternative to disposable cylinders. PortaGas fully-automated specialty gases facility located in the greater Houston area.

Buy -
Mergr

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