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Business
Praxair Adds Fizz With NuCO2 Buy
by Marc S. Reisch
February 11, 2013
| A version of this story appeared in
Volume 91, Issue 6
Industrial gas company Praxair has agreed to buy NuCO2, a provider of beverage carbonation systems, for $1.1 billion from Aurora Capital Group, a private equity firm. Aurora bought NuCO2 for $487 million in 2008. NuCO2 has 900 employees and is expected to generate sales of $250 million this year. Praxair anticipates closing on the deal by the end of March.
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