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Slide #27. Praxair, Inc. — Lake Welding Supply Company, Inc.
Praxair, Inc. (PX)
Lake Welding Supply Company, Inc.
Praxair, Inc. (NYSE:PX) announced today that it has acquired Lake Welding Supply Company, Inc. (Lake), one of the largest independent gas and welding products distributors in western Michigan. Financial terms of the transaction were not disclosed.
Praxair is an industrial gas company in North and South America. Co.'s operations consist of two main product lines: industrial gases and surface technologies. The industrial gases product line centers on the manufacturing and distribution of atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). Co.'s surface technologies segment supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders. Co.'s subsidiary, Praxair Surface Technologies, supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.
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Buy (3.00 out of 4)
(ranked higher than approx. 90% of all stocks covered)
Based on Zacks ABR data;
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