Praxair acquire NuCO2 $1.1 billion

Praxair to acquire NuCO2 for $1.1 billion

5:17 AM, 6th February 2013
Praxair to acquire NuCO2 for $1.1 billion

DANBURY, US: Praxair Inc has entered into an agreement to acquire NuCO2 INC from Aurora Capital Group, a Los Angeles, California based private equity firm, for $1.1 billion in cash. The transaction is subject to customary conditions to closing, including regulatory approval, and is expected to close by the end of the first quarter of 2013. NuCO2 is the leading national provider of beverage carbonation solutions in the United States to the restaurant and hospitality industries.

“NuCO2 offers a compelling value proposition for beverage carbonation. We plan to continue to grow the business in the United States, enhance distribution efficiency utilizing Praxair’s competencies in logistics, and extend NuCO2’s offerings to customers in other regions of the world,” said Eduardo Menezes, Executive Vice President, Praxair.

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