Praxair Picks Up Texas Welders Supply Co.

Law360, New York (December 22, 2011, 8:17 PM EST) -- A unit of industrial gas company Praxair Inc. will acquire Texas Welders Supply Co., its longtime distributor of gas and welding products, the companies announced Thursday.

Financial details of the transaction were not disclosed, but Texas Welders, majority-owned by the founding Chenoweth family, employs 130 people across four locations and has projected sales of $56 million for 2011. The companies expect the deal, which remains subject to customary conditions, to close by Dec. 31.

“The Chenoweths have a multigenerational history of building successful industrial gas distributorships...
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