Danbury industrial gas provide Praxair, Inc. has acquired the assets of Cincinnati-based Weldco Inc., in an effort to move into one of the top 20 welding markets in the country.
Praxair subsidiary Praxair Distribution, Inc. completed the acquisition Tuesday of the company with 23 employees and sales of $8 million. Financial terms were not disclosed.
The move gives Praxair a stronger presence in southwestern Ohio and northeastern Kentucky, said John Panikar, Praxair Distribution president.
Praxair expects to complete more acquisitions by the end of the year, targeting independent distributors, Panikar said.
