M&A Deal Summary

Praxair Acquires Cryomag Services

On October 6, 2003, Praxair acquired chemicals company Cryomag Services

Acquisition Highlights
  • This is Praxair’s 1st transaction in the Chemicals sector.
  • This is Praxair’s 12th transaction in the United States.
  • This is Praxair’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2003-10-06
Target Cryomag Services
Sector Chemicals
Buyer(s) Praxair
Deal Type Add-on Acquisition

Target

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.

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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 14 of 58
Sector (Chemicals) 1 of 12
Type (Add-on Acquisition) 13 of 51
State (Connecticut) 1 of 1
Country (United States) 12 of 46
Year (2003) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-05 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-29 United Welding Specialties

Dallas, Texas, United States

United Welding Specialties is a supplier of gas and welding equipment.

Buy -
Mergr

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