Praxair Acquires Constar of Norcross, Georgia
Praxair Distribution, Inc., a subsidiary of Praxair, Inc., has acquired the packaged gas business and facilities of Constar LLC of Norcross, Georgia and its affiliates Airstar Carolina, Airstar Tennessee, Airstar Savannah and Pye-Barker Welding Supply Co. This business includes 10 facilities in Georgia, Tennessee and South Carolina with revenues of approx. $34 million. The transaction closed on December 31, 2005. Financial terms of the transaction were not disclosed.
Constar LLC fills and distributes high-pressure industrial, medical and specialty gas cylinders and other gas containers. It also operates several retail stores for the sale of welding and related equipment, supplies and services.
The new company will operate as Praxair Distribution's Southern Division. Steve Byers, formerly Central California Division general manager has been named the new Southern Division general manager. Praxair Distribution operates 14 other divisions and three joint venture companies throughout North America.
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