US Praxair acquires Houston-based PortaGas

13 December 2012 16:42  [Source: ICIS news]

HOUSTON (ICIS)--US industrial gases major Praxair has acquired PortaGas, a Houston-based producer of portable cylinder gases for specialty markets, it said on Thursday.

PortaGas has 40 employees at a new specialty gases facility in the greater Houston area. Financial terms were not disclosed.

“The addition of PortaGas broadens Praxair’s offering of portable cylinder gases,” said John Panikar, president of Praxair's distribution business.

“PortaGas’ recyclable cylinders provide customers with an environmentally-friendly option and are a testament to Praxair’s commitment to sustainability,” Panikar added.

By: Stefan Baumgarten
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