Acquires packaged gas distributors in California and Texas; terms not disclosed
Praxair has acquired two independent distributors of industrial and specialty packaged gases and related supplies - Cryospec, Inc. in San Francisco, California, and Garland Welding Supplies, Inc. (GWS) in Garland, Texas, with combined 2014 annual sales of about $10 million. Financial terms of the transactions were not disclosed.
Cryospec has served the life science and electronics industries in the greater Bay Area for 17 years from its facilities located in South San Francisco and Fremont, California.
GWS, family owned and operated since its founding in 1967, is one of the oldest independent gas and welding products distributors in the greater Dallas area. The Company operates a cylinder filling plant in Garland and a retail store in Rockwall, Texas.