Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Praxair, Inc.    PX

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Praxair, Inc. : Praxair Acquires Tri-State Carbonic, LLC.'s Merchant Carbon Dioxide Business

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/11/2013 | 04:31pm CEST
April 11, 2013

Acquisition Expands Praxair Carbon Dioxide Supply Reliability and Services

DANBURY, Conn., April 11, 2013 - Praxair, Inc. (NYSE: PX), today announced the acquisition of Tri-State Carbonic's Merchant carbon dioxide (CO2) business in Lawrenceburg, Indiana.  Financial terms of the transaction were not disclosed.

Tri-State is a producer of high-quality, bulk carbon dioxide gas for industrial use in the greater Cincinnati area.  The company produces beverage-quality carbon dioxide gas for use in various markets, including food and beverage, fire-prevention, welding and many others.

"The Tri-State CO2 plant enables Praxair to better serve customers in the Cincinnati and Louisville areas, and further strengthens the reliability of our system." said Kevin Foti, vice president of CO2 and president of NuCO2 for Praxair's U.S. industrial gases business.

"Our customers will be in good hands with Praxair.  They will bring additional strength, stability, and services to CO2 customers." said Barry Nanz, managing member of Tri-State.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PRAXAIR, INC.
08/17 PRAXAIR : Announces Linde plc Form S-4 Registration Statement Declared Effective..
08/16 PRAXAIR : Announces Linde Form S-4 Registration Statement Declared Effective by ..
08/16 PRAXAIR : Acceptance period starts for Linde shareholders on Praxair merger
08/15 Praxair announces linde plc form s4 registration statement declared effective..
08/15 Linde says acceptance period for Praxair merger starts
08/15DJLinde Says Shareholders May Tender Shares for Praxair Merger
08/15 PRAXAIR : Announces Linde plc Form S-4 Registration Statement Declared Effective..
08/10 PRAXAIR INC : Entry into a Material Definitive Agreement, Financial Statements a..
08/03 PRAXAIR : Expands Skills Pipeline Workforce Development Program; Launches New Ad..
08/03 PRAXAIR : Correcting, Replacing Praxair Declares Dividend in Third Quarter 2017
More news
News from SeekingAlpha
08/21 The Dividend Achievers Higher Yield Portfolio Update
08/21 Linde management, supervisory boards urge Praxair deal
08/21 MERGER OF EQUALS : Linde Shares More Attractive Relative To Praxair
08/21 I Am Selling One Half Of My Praxair Position
08/21 Tracking Wallace Weitz's Weitz Investment Management Portfolio - Q2 2017 Upda..
Financials ($)
Sales 2017 11 145 M
EBIT 2017 2 447 M
Net income 2017 1 646 M
Debt 2017 6 448 M
Yield 2017 2,40%
P/E ratio 2017 22,88
P/E ratio 2018 20,81
EV / Sales 2017 3,95x
EV / Sales 2018 3,72x
Capitalization 37 529 M
Chart PRAXAIR, INC.
Duration : Period :
Praxair, Inc. Technical Analysis Chart | PX | US74005P1049 | 4-Traders
Technical analysis trends PRAXAIR, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 143 $
Spread / Average Target 8,6%
EPS Revisions
Managers
NameTitle
Stephen F. Angel Chairman, President & Chief Executive Officer
Matthew J. White Chief Financial Officer & Senior Vice President
Todd Alan Skare Chief Technology Officer
Earl Newsome Chief Information Officer & Vice President
Raymond W. LeBoeuf Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PRAXAIR, INC.11.96%37 529
AIR LIQUIDE-2.98%46 950
SHIN-ETSU CHEMICAL CO LTD5.53%37 845
LYONDELLBASELL INDUSTRIES NV2.70%34 870
AIR PRODUCTS & CHEMICALS, INC.0.92%31 637
NAN YA PLASTICS CORP--.--%19 802