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Chemical Week Magazine :: Business & Finance :: United States/Americas

Praxair buys out mid-Atlantic distribution joint venture

7:21 AM MST | February 7, 2014 | —Lindsay Frost

Praxair announced on 3 February that it has completed the acquisition of its industrial gases joint venture Praxair Distribution Mid-Atlantic (PDMA; Allentown, PA). The company had previously held a majority stake in the business. Financial terms have not been 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. “Fully integrating PDMA’s operations into our core packaged gases business will enable us to achieve further...

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