Praxair acquires CO2, industrial gases company Tecnogas in Peru
Praxair has acquired Tecnogas, a local producer and distributor of carbon dioxide (CO2) and industrial gases in Peru, officials confirmed on Friday.
Financial terms of the transaction were not disclosed.
Tecnogas has been serving customers in Peru for more than 50 years. With annual revenue of approximately $10 million, the business serves almost four hundred customers across a variety of end markets including food and beverage, healthcare and metal fabrication.
“The acquisition of Tecnogas is consistent with our business strategy to build production and distribution density in South America,” said Domingos Bulus, president of Praxair South America. “We look forward to serving our new customers with the same high level of dedication, reliability and quality that they have come to expect over the past 50 years.”
Additionally, Tecnogas owns and operates three carbon dioxide (CO2) production plants that Praxair will use to serve the growing demand for the gas in the country.
“Praxair and Tecnogas share a commitment to delivering the best solutions and operational excellence to our customers,” said Alberto Choy, chairman of Tecnogas.
“We are pleased that Praxair will continue the legacy of what we have built at Tecnogas, bringing its worldwide expertise in the industrial gases market to our local operations and customers," he added.
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Cook Inlet LNG advances FSRU project in Alaska (U.S.)
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
Comments