Praxair Distribution Inc., a subsidiary of Praxair, Inc. has acquired American Gas Group, a leading supplier of specialty gases worldwide.
AGG comprises 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 56 employees and annual sales of $28m.
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.
Financial terms of the transaction have not been disclosed. 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. The tragic and untimely death of Ron Corns, AGG’s CEO, is a great loss for all of us. Ron was instrumental in developing and fostering the relationship with Praxair and was excited by the vision of what our two organisations could achieve together. We will greatly miss his leadership.”
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