Praxair acquires Tecnogas to expand industrial gases business in Peru

The US-based Praxair Inc has acquired Tecnogas, a local producer and distributor of carbon dioxide and industrial gases in Peru, for an undisclosed amount.
 
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. Additionally, Tecnogas owns and operates three carbon dioxide production plants that Praxair will use to serve the growing demand for the gas in the country.
 
Domingos Bulus, president, Praxair South America, commented, “The acquisition of Tecnogas is consistent with our business strategy to build production and distribution density in South America.”
   
Alberto Choy, chairman of Tecnogas, added, “Praxair and Tecnogas share a commitment to delivering the best solutions and operational excellence to our customers. 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.”