Praxair Distribution Acquires Weldco Assets

Praxair Distribution, a subsidiary of Praxair said that it has acquired the assets of Weldco Inc. Financial terms of the transaction were not disclosed.

Weldco is an independent distributor of industrial and specialty gases and ancillary welding equipment, supplies and services.

Panikar said the acquisition of Weldco complements several other recent acquisitions made in the first half of 2011 and those expected to be completed by year-end.