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Praxair, nexAir form joint venture

from Memphis Daily News

Danbury, Conn.-based industrial gases company Praxair Inc. and Memphis-based nexAir LLC are forming a joint venture that will enable the combined business to have a bigger reach and broader mix of services for customers. NexAir is one of the largest distributors of atmospheric gases and welding supplies in the United States. According to the terms of the joint venture they're planning to form, Praxair will contribute eight branches of its packaged gas distribution business in three states — Georgia, Alabama and Tennessee — and will acquire an equity stake in the combined business. more

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