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Praxair Buys Houston Distributor

Wed, 10/12/2011 - 6:15am

DANBURY, Conn. (AP) — Praxair Inc. said Thursday that subsidiary Praxair Distribution Inc. has acquired industrial gases and welding equipment distributor National Alloy and Equipment Inc. in northwest Houston.

Financial terms of the deal were not disclosed.

Praxair sells atmospheric and process gases and coatings for the aerospace, electronics, food and beverage, health care and other industries.

Praxair shares slipped 49 cents to $98.24 in aftermarket trading. The stock added 44 cents to $98.73 during the regular session before the announcement.

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