- Reuters reports that Praxair Inc. will pay $1.1 billion in cash to buy NuCO2INC to bolsters its beverage carbonation capabilities.
- NuCO2INC provides carbon dioxide for beverage services as U.S. businesses including restaurants, theaters and stadiums.
- NuCO2INC is being purchased from the equity firm Aurora Capital Group.
From the article:
Feb 5 (Reuters) - Industrial gas supplier Praxair Inc said it will acquire NuCO2INC from private equity firm Aurora Capital Group for $1.1 billion in cash to expand its beverage carbonation business. ...