Praxair, Inc. PX, announced it 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 with 162,000 customer locations and 900
employees. The business is expected to generate full year sales in 2013
of about $250 million and EBITDA of about $115 million. The acquisition
is expected to be neutral to slightly
See full press release
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