date:Mar 04, 2013
Praxair, a US-based industrial gas supplier, has acquired beverage carbonation solutions provider NuCO2 for $1.1bn from private equity investment firm Aurora Capital Group.
NuCO2, with 162,000 customer locations and 900 employees, serves fountain beverages to quick service restaurants and convenience stores in the US.
With this move, Praxair is set to grow its beverage carbonation businesses domestically and internationally through expanded product and service offerings.
Praxair executive vic