![Canadian Manufacturing](https://www.canadianmanufacturing.com/wp-content/uploads/2020/04/cmo-logo-1.png)
Praxair buys offshore gases supplier
by CanadianManufacturing.com Staff
![Canadian Manufacturing](/wp-content/themes/pubx-new/images/canadian-manufacturing.png)
Praxair, Inc., has acquired Dominion Technology Gases, a supplier of diving, welding, industrial, laboratory and calibration gases based in Aberdeen, Scotland.
DANBURY, Conn.—Praxair Offshore Services Ltd., a subsidiary of Praxair, Inc., has acquired Dominion Technology Gases Investment Ltd., a supplier of diving, welding, industrial, laboratory and calibration gases based in Aberdeen, Scotland.
Financial terms of the transaction were not disclosed.
Dominion, already a distributor of Praxair gases, serves the growing global offshore oil and gas exploration and production markets from locations near several key offshore facilities.
Dominion is expected to generate full-year sales in 2013 of approximately $55 million. Established in 1988, the company was majority-owned by Graphite Capital, a UK mid-market private equity firm.
Praxair, Inc. is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2012 sales of $11 billion.