M&A Deal Summary

Praxair Acquires Welders Service

On July 2, 1998, Praxair acquired distribution company Welders Service

Acquisition Highlights
  • This is Praxair’s 4th transaction in the Distribution sector.
  • This is Praxair’s 3rd transaction in the United States.
  • This is Praxair’s 1st transaction in Washington.

M&A Deal Summary
Date 1998-07-02
Target Welders Service
Sector Distribution
Buyer(s) Praxair
Deal Type Add-on Acquisition

Target

Welders Service

Seattle, Washington, United States
Welders Service, Inc. is a distributor of industrial gases and 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 4 of 58
Sector (Distribution) 4 of 33
Type (Add-on Acquisition) 4 of 51
State (Washington) 1 of 1
Country (United States) 3 of 46
Year (1998) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-19 Gas Tech

Hillside, Illinois, United States

Gas Tech, Inc. is a distributors of cylinder gases, welding equipment and related products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-27 CSF Technology

Shrewsbury, Massachusetts, United States

CSF Technology LLC is a distributor of consumable maintenance and repair parts to semiconductor fabricators (fabs).

Buy -
Mergr

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