Praxair merges 2 joint venture operations

Praxair, Inc. (NYSE: PX) subsidiary Praxair Distribution, Inc. has merged its two joint venture companies operating in the southeastern US.

Financial terms of the transaction were not disclosed.

The transaction involves merging Praxair Distribution Southeast, LLC (PDSE), a PDI joint venture operating in Florida and southeast Georgia since 1997, into Memphis, Tennessee-based nexAir, LLC (nexAir), a 75-year old company which entered into a joint venture with PDI in 2012, with locations in Alabama, Arkansas, Georgia, Louisiana, Mississippi and Tennessee.

Praxair, Inc. is an industrial gases company that produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings.