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PRAXAIR, INC. (PX)
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Praxair, Inc. : Praxair Acquires Tri-State Carbonic, LLC.'s Merchant Carbon Dioxide Business

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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.

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Financials ($)
Sales 2017 11 150 M
EBIT 2017 2 445 M
Net income 2017 1 641 M
Debt 2017 8 622 M
Yield 2017 2,20%
P/E ratio 2017 25,07
P/E ratio 2018 22,80
EV / Sales 2017 4,45x
EV / Sales 2018 4,16x
Capitalization 40 942 M
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Praxair, Inc. Technical Analysis Chart | PX | US74005P1049 | 4-Traders
Technical analysis trends PRAXAIR, INC.
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 144 $
Spread / Average Target 0,55%
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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
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