M&A Deal Summary

Praxair Acquires Canadian Cylinder & Gases

On June 29, 2012, Praxair acquired distribution company Canadian Cylinder & Gases

Acquisition Highlights
  • This is Praxair’s 26th transaction in the Distribution sector.
  • This is Praxair’s 2nd transaction in Canada.
  • This is Praxair’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2012-06-29
Target Canadian Cylinder & Gases
Sector Distribution
Buyer(s) Praxair
Deal Type Add-on Acquisition

Target

Canadian Cylinder & Gases

Prince George, British Columbia, Canada
Canadian Cylinder & Gases, Inc. is an independent distributor of industrial and specialty gases and welding equipment.

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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 38 of 58
Sector: Distribution M&A 26 of 33
Type: Add-on Acquisition M&A Deals 33 of 51
State: British Columbia M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2012 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-09 Welders Industrial Supply

Pasadena, Texas, United States

Welders Industrial Supply LLC is an independent distributor of industrial and specialty gases, welding equipment, supplies and related services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-16 Acetylene Oxygen Co.

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.

Buy -