Praxair to Buy Beverage Carbonation Business for $1.1 Billion

February 5, 2013 3:23 PM GMT

  • FOLLOW IBT: YOUR ONE-STOP NEWS SITE
  • Google Plus

Industrial gas supplier Praxair Inc (PX.N) said it will acquire NuCO2INC from private equity firm Aurora Capital Group for $1.1 billion in  by SavingsApp" href="http://in.reuters.com/article/2013/02/05/us-praxair-nuco-idINBRE9140I520130205">cash to expand its beverage carbonation business.

Share article

NuCO2 provides liquid carbon dioxide to retail establishments such as restaurants, convenience stores, taverns, theaters, theme parks, resorts and stadiums in the United States.

The business is expected to generate full-year sales of about $250 million in 2013.

Copyright 2012 Thomson Reuters. All rights reserved.
Join the Conversation
Virgin Galactic SpaceShipTwo Completes Powered Flight
READ MORE
Mark Carney

Mark Carney 'will Start BoE Governorship with Mistakes'

MArk Carney

Mark Carney's Bank of England 'More Independent than Under Mervyn King'

BlackBerry CEO Thorsten Heins

BlackBerry 2.0 - The Reinvention of an Icon

Relatives mourn as they show pictures of garment workers, who are believed to be trapped under the rubble of the collapsed Rana Plaza building, in Savar, 30 km (19 miles) outside Dhaka April 28, 2013. (Photo: Reuters)

Rana Plaza Disaster: NGOs Can Help Retailers' Business and Bangladesh Workers

An Emirati man walks past a tourist posing for a photo near the Burj Khalifa, the tallest tower in the world, in Dubai May 9, 2013. (Photo: REUTERS)

Islamic Finance: BLME Targets 15% Asset Growth in 2013

(Photo: Reuters)

RBS To Axe 1,400 Retail Jobs Over Two Years

Workers carry out a practice drill in case of a hydrogen sulfide leak at a natural gas appraisal well of Sinopec in Langzhong county, Sichuan province March 1, 2011. China, which has by far the world?s largest shale deposits, has just started to exploit t

Shale Gas: International Firms Tap Into China’s Lucrative Market

Occupy Economics

Occupy Economics: Break up UK Banks or Risk Another Financial Crisis

Ryanair

Ryanair Unrepentant on 'Staff Exploitation' Aired in Parliament

World
Indian Police Arrest A Suspect in The Mumbai Terror Attacks Probe

Featured Videos