M&A Deal Summary

Praxair Acquires Air Products Canada - Western Canada Bulk Gas Business

On May 5, 2003, Praxair acquired distribution company Air Products Canada - Western Canada Bulk Gas Business from Air Products Canada

Acquisition Highlights
  • This is Praxair’s 6th transaction in the Distribution sector.
  • This is Praxair’s 1st transaction in Canada.
  • This is Praxair’s 1st transaction in Ontario.

M&A Deal Summary

Date 2003-05-05
Target Air Products Canada - Western Canada Bulk Gas Business
Sector Distribution
Buyer(s) Praxair
Sellers(s) Air Products Canada
Deal Type Divestiture

Target

Air Products Canada - Western Canada Bulk Gas Business

Mississauga, Ontario, Canada
Air Products Canada - Western Canada Bulk Gas Business is a supplier of bulk gases.

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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 13 of 58
Sector (Distribution) 6 of 33
Type (Divestiture) 1 of 7
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2003) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-03 Praxair - Polish Business

Poland

Praxair - Polish Business produces, sells and distributes atmospheric and process gases, and high-performance surface coatings.

Sell $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-06 Cryomag Services

Danbury, Connecticut, United States

Cryomag Services, Inc. is a comprehensive service to the super-conducting magnet industry. These comprehensive services include: cryogen transfilling, coldhead maintenance and complete magnet servicing.

Buy -

Seller(S) 1

SELLER

Air Products Canada

Mississauga, Ontario, Canada

Category Company
Sector Distribution
DESCRIPTION

Air Products Canada Ltd. is a distributor of industrial and specialty gases.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2003) 1 of 1