Add-on Acquisition • Distribution

Praxair Acquires Hobart Industrial Gases & Supplies

On October 16, 2006, Praxair acquired distribution company Hobart Industrial Gases & Supplies

Acquisition Context
  • This is Praxair’s 10th transaction in the Distribution sector.
  • This is Praxair’s 16th transaction in the United States.
  • This is Praxair’s 1st transaction in Indiana.

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M&A Deal Summary

Date October 16, 2006
Target Hobart Industrial Gases & Supplies
Sector Distribution
Buyer(s) Praxair
Deal Type Add-on Acquisition

Target Company

Hobart Industrial Gases & Supplies

Fort Wayne, Indiana, United States
Hobart Industrial Gases & Supplies is a supplies a wide array of packaged industrial, medical and specialty gases, welding equipment, supplies and services.
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Buyer Overview 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 Context for Buyer #
Overall 19 of 58
Sector: Distribution 10 of 33
Type: Add-on Acquisition 15 of 51
State: Indiana 1 of 4
Country: United States 16 of 46
Year: 2006 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-04 PAS Technologies

Kansas City, Missouri, United States

PAS Technologies is a high technology components provider, to expand its portfolio of industry-leading MRO service offerings. PAS specializes in providing cost-effective OEM and MRO solutions for the aerospace, oil and gas, and industrial gas turbine markets. By using innovative and proprietary high-technology processes, along with solutions licensed from OEMs, the company provides great value for customers whose components are exposed to high wear, high heat and corrosive environments. The company’s highly engineered, innovative products are known for advanced technology and unsurpassed reliability.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-28 Casper s Welding Solutions & Supply

Canfield, Ohio, United States

Casper's Welding Solutions & Supply LLC is a supplies variety of packaged industrial, medical and specialty gases.

Buy -