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People & Business :: M&A
Praxair buys out mid-Atlantic distribution joint venture
3:00 PM MST | February 3, 2014 | Lindsay Frost
Praxair announced today that it has completed the acquisition of its industrial gases joint venture Praxair Distribution Mid-Atlantic (PDMA; Allentown, PA). The company previously held a majority ownership of the business. Financial terms of the stake were not disclosed. PDMA has 51 production and distribution facilities and reported 2013 sales of over $225 million, Praxair says. The company serves approximately 39,000 customers in the healthcare, pharmaceutical, environmental, chemical, bio-technology, university research and metal fabrication industries...
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