M&A Deal Summary

Praxair Acquires Tri-State Carbonic - Carbon Dioxide Business

On April 11, 2013, Praxair acquired chemicals company Tri-State Carbonic - Carbon Dioxide Business from Tri-State Carbonic

Acquisition Highlights
  • This is Praxair’s 7th transaction in the Chemicals sector.
  • This is Praxair’s 37th transaction in the United States.
  • This is Praxair’s 3rd transaction in Indiana.

M&A Deal Summary

Date 2013-04-11
Target Tri-State Carbonic - Carbon Dioxide Business
Sector Chemicals
Buyer(s) Praxair
Sellers(s) Tri-State Carbonic
Deal Type Divestiture

Target

Tri-State Carbonic - Carbon Dioxide Business

Lawrenceburg, Indiana, United States
Tri-State Carbonic - Carbon Dioxide Business is a producer of carbon dioxide gas for industrial purpose.

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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 42 of 58
Sector (Chemicals) 7 of 12
Type (Divestiture) 6 of 7
State (Indiana) 3 of 4
Country (United States) 37 of 46
Year (2013) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 NuCO2

Stuart, Florida, United States

NuCo2 is a supplier of liquid carbon dioxide (as opposed to carbon dioxide gas in cylinders) to retail establishments for carbonating and dispensing fountain beverages. It is also the only national supplier to this essentially noncyclical U.S. market.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-29 Dominion Technology Gases Investment

Aberdeen, United Kingdom

Dominion Technology Gases Investment Ltd. is a supplies specialist gases and chemicals used for diving, welding and testing by offshore oil and gas customers. The gases and chemicals are analysed and mixed in the company’s own laboratory and supplied to customers in specially designed containers and cylinders.

Buy -

Seller(S) 1

SELLER

Tri-State Carbonic

Lawrenceburg, Indiana, United States

Category Company
Sector Chemicals
DESCRIPTION

Tri-State Carbonic LLC is a producer of high-quality, bulk carbon dioxide gas for industrial use.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1