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Praxair Acquires Distributor

1:46 PM MDT | May 9, 2007 | Chemical Week Editorial Staff

Yakich: Deal boosts Texas network. Praxair says it has acquired Rite Weld Supply (Fort Worth, TX), a regional distributor of industrial, medical, specialty gases and related welding equipment and supplies. Financial terms of the transaction were not disclosed. Rite Weld operates cylinder filling plants in Gainesville and Fort Worth, TX and three retail stores in Denton and Bridgeport, TX and Madill, OK. The business generated sales of $14 million in 2006 and has 48 employees, Praxair says. “The acquisition of Rite Weld to our existing network in North...

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