Praxair Distribution Inc., a subsidiary of Praxair Inc., has
acquired American Gas Group (AGG), a leading supplier of
specialty gases worldwide. AGG is comprised of Specialty Gases
of America Inc., American Specialty Gases Inc., Semiconductor
Resources Inc. and Specialty Gases of America LLC. The business
includes facilities in Toledo, Ohio and
Wheeling, Illinois, with annual sales of $28 million. Financial
terms of the transaction were not disclosed.
AGG is one of the largest independent specialty gas
producers in North America and packages a variety of specialty
gases including EPA Protocols, hydrocarbons, VOC mixtures,
reactive mixtures, high-purity chemicals and research-grade
gases in addition to industrial and medical gas products.
John Armelagos, one of the owners of AGG prior to the sale
to Praxair, said, "Praxair is a perfect fit for our company,
and our two organizations complement each other. We have been
working for several years to put this deal together."
John Panikar, president of Praxair Distribution Inc., noted,
"The addition of AGG to the Praxair network strengthens our
Midwest specialty gas production capabilities and provides an
important channel to support our distributor network. AGG has a
world-class facility, capable people and an extensive product
offering to support growth. We are excited to have the American
Gas Group employees on the Praxair team and look forward to
sharing technology and best practices."