Praxair Canada Acquires Canadian Cylinder & Gases Inc.

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6/29/2012 5:27 PM ET

Praxair Canada Inc., a subsidiary of Praxair, Inc. (PX: Quote) announced that it has acquired Canadian Cylinder & Gases Inc., or CCG. Financial terms of the transaction were not disclosed.

The company said that CCG is an independent distributor of industrial and specialty gases and welding equipment located in Prince George, British Columbia, where it has been in operation for over 15 years.

"The addition of CCG enhances Praxair Canada's growth platform in Northern British Columbia and increases our capabilities and resources to meet the needs of our current and future customers in this high growth region of Canada," said Matt White, president of Praxair Canada.

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