Praxair Canada Acquires Five Airgas Branch Locations; Terms Not Disclosed
Airgas, Inc. (NYSE: ARG) and Praxair, Inc. (NYSE: PX) announce the acquisition by Praxair Canada Inc. of the assets and operations of five Airgas branch locations in western Canada, including Calgary, Red Deer, and Edmonton, Alberta, and Regina and Saskatoon, Saskatchewan. Financial terms of the transaction were not disclosed.
“We thank our former employees for their years of hard work and commitment to excellence under the Airgas brand and wish them continued success in servicing the medical homecare and industrial markets in Alberta and Saskatchewan for Praxair,” said Edward Richards, North Pacific Region President of Airgas. “This strategic divestiture enables us to redeploy capital resources to our core business in British Columbia, where we look forward to serving our loyal customers for years to come.”
“This acquisition supports our growth strategy in western Canada and enables us to better serve our existing customers and home oxygen clients in Alberta and Saskatchewan,” said Matt White, president of Praxair Canada Inc. “The new employees are a welcome addition to our team.”
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