Praxair Purchases Dominion Tech Gases, No Terms Disclosed

Praxair Offshore Services Limited, a subsidiary of Praxair, Inc.

, announced it has acquired Aberdeen, Scotland-based Dominion Technology Gases Investment Limited (Dominion), a leading global supplier of diving, welding, industrial, laboratory and calibration gases and associated equipment to the offshore oil and gas industry. Financial terms of the transaction were not disclosed. Dominion, a distributor of Praxair gases, serves the growing global offshore oil and gas exploration and production markets from its locations centered among several key offshore facilities. Dominion uniquely positions Praxair to provide industry-leading products and services to an expanded base of high-value customers in the global offshore oil and gas market. Dominion is expected to generate full-year sales in 2013 of approximately $55 million. Established in 1988, the company was majority-owned by Graphite Capital, a leading UK mid-market private equity firm.