Praxair, Inc. (Danbury, Conn.; www.praxair.com) has acquired Tecnogas, a local producer and distributor of carbon dioxide and industrial gases in Peru. 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. 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.