Praxair buys five locations from Airgas
sites include Calgary, Red Deer, and Edmonton. Locations in Regina and Saskatoon, Sask. round out the deal.
Mississauga, Ont.—Praxair Canada Inc. has acquired the assets and operations of five Airgas, Inc. locations in western Canada.
In Alberta the sites include Calgary, Red Deer, and Edmonton. Locations in Regina and Saskatoon, Sask. round out the deal.
Financial terms of the transaction were not disclosed.
“This strategic divestiture enables us to redeploy capital resources to our core business in British Columbia, where we look forward to serving our loyal customers for years to come,” said Edward Richards, North Pacific Region President of Airgas, Inc.
Airgas, Inc. is a Radnor, Pa. distributor of industrial, medical and specialty gases, as well as welding equipment and supplies. It also produces atmospheric gases, carbon dioxide, dry ice, and nitrous oxide, employing than 15,000 employees in 1,100 locations.
Praxair, Inc. is the largest industrial gases company in North and South America, with 2011 sales of $11 billion. The company produces, sells and distributes atmospheric and process gases and surface coatings to the aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing and metals sectors.