Add-on Acquisition • Distribution

Praxair Acquires Lake Welding Supply Co.

On April 2, 2014, Praxair acquired distribution company Lake Welding Supply Co.

Acquisition Context
  • This is Praxair’s 29th transaction in the Distribution sector.
  • This is Praxair’s 40th transaction in the United States.
  • This is Praxair’s 2nd transaction in Michigan.

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M&A Deal Summary

Date April 2, 2014
Target Lake Welding Supply Co.
Sector Distribution
Buyer(s) Praxair
Deal Type Add-on Acquisition

Target Company

Lake Welding Supply Co.

Muskegon, Michigan, United States
Lake Welding Supply Co., Inc. is an independent gas and welding products distributors.
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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 47 of 58
Sector: Distribution 29 of 33
Type: Add-on Acquisition 41 of 51
State: Michigan 2 of 2
Country: United States 40 of 46
Year: 2014 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-11 United Welding Supplies

Houston, Texas, United States

United Welding Supplies LLC an independent gas and welding products distributors in the greater Houston area.Operates three locations, including its headquarters and primary cylinder filling plant in Houston and retail stores in LaPorte and Freeport, Texas. In 2007 as part of a 2 million dollar renovation, United installed a state of the art semi-automated cylinder fill plant and specialty gas lab.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 Genie Products

Brevard, North Carolina, United States

Genie Products, Inc. is a provider in the production and supply of precision replacement parts, torch assemblies, hoses, cables, and other consumables for the thermal spray industry.

Buy -