Posted October 7, 2011
Praxair makes acquisition
Praxair Distribution Inc. has acquired National Alloy and Equipment Inc. of Houston.
National Alloy is an independent distributor of industrial and specialty gases and ancillary welding equipment, supplies and services. Financial terms of the transaction were not disclosed.
The company's core competency is technical support to the fabricators of high-pressure control packages and drilling risers for harsh off-shore environments that require low-alloy, high-strength wires and fluxes.
"The addition of National Alloy is a great example of the targeted approach Praxair Distribution is taking to acquire high-quality independent distributors in geographies with attractive growth profiles which complement our existing infrastructure," said John Panikar, president of Praxair Distribution Inc.
"For over 20 years, our employees have delivered quality products and services. This, along with our customer service philosophy, has allowed us to become a market leader in the welding and gas segment in Houston," said National Alloy President Tony Hardin. "Combining our business with Praxair not only benefits our employees but will enable us to provide an even broader array of products and services to our customers."
