04-Nov-2011 - Praxair Inc.

Praxair Acquires American Gas Group

Praxair Distribution Inc., a subsidiary of Praxair, Inc., has acquired American Gas Group (AGG), a leading supplier of specialty gases worldwide. AGG is comprised of Specialty Gases of America, Inc., American Specialty Gases Inc., Semiconductor Resources, Inc. and Specialty Gases of America, LLC. The business includes facilities in Toledo, Ohio and Wheeling, Illinois, with 56 employees and annual sales of $28 million. Financial terms of the transaction were not disclosed.

AGG is one of the largest independent specialty gas producers in North America and packages a variety of specialty gases including EPA Protocols, hydrocarbons, VOC mixtures, reactive mixtures, high-purity chemicals and research-grade gases in addition to industrial and medical gas products.

John Armelagos, one of the owners of AGG prior to the sale to Praxair, said, “Praxair is a perfect fit for our company and our two organizations complement each other. We have been working for several years to put this deal together. The tragic and untimely death of Ron Corns, AGG’s CEO, is a great loss for all of us. Ron was instrumental in developing and fostering the relationship with Praxair and was excited by the vision of what our two organizations could achieve together. We will greatly miss his leadership.”

“The addition of AGG to the Praxair network strengthens our Midwest specialty gas production capabilities and provides an important channel to support our distributor network,” said John Panikar, president, Praxair Distribution, Inc. “AGG has a world class facility, capable people and an extensive product offering to support growth. We are excited to have the American Gas Group employees on the Praxair team and look forward to sharing technology and best practices.”

Facts, background information, dossiers
More about Praxair
  • News

    Praxair signs long-term agreement to supply Samsung Electro-Mechanics

    Praxair, Inc. announced it has signed a long-term agreement to supply industrial gases to Samsung Electro-Mechanics (SEM), one of the world’s largest MLCC (Multi-Layer Ceramic Capacitors) manufacturers. Praxair has been supplying nitrogen to SEM’s manufacturing facility in the Noksan Indust ... more

    Linde and Praxair announce intention to merge

    Linde AG and Praxair, Inc. announced that the companies intend to combine in a merger of equals under a new holding company through an all-stock transaction. The companies have signed a non-binding term sheet and expect to execute a definitive Business Combination Agreement as soon as pract ... more

    Praxair approaching Linde to resume merger discussion

    Praxair, Inc. confirmed that the company has approached Linde AG about resuming discussions regarding a potential merger. There can be no assurance that this will result in a transaction, or on what terms any transaction may occur. Praxair does not intend to comment further at this time. more

  • Companies

    PRAXAIR GmbH

    more

    Praxair Inc.

    Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2006 sales of $8.3 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair’s products, ser ... more

    Praxair España S.L.

    Praxair's primary products are: » atmospheric gases -- oxygen, nitrogen, argon and rare gases (produced when air is purified, compressed, cooled, distilled and condensed), and » process & specialty gases -- carbon dioxide, helium, hydrogen, semiconductor process gases, and acetylene ( ... more