Dive Summary:
- Reuters reports thatPraxairInc. will pay $1.1 billion in cash to buyNuCO2INCto bolsters its beverage carbonation capabilities.
- NuCO2INCprovides carbon dioxide for beverage services as U.S. businesses including restaurants, theaters and stadiums.
- NuCO2INCis being purchased from the equity firm Aurora Capital Group.
From the article:
Feb 5 (Reuters) - Industrial gas supplierPraxairInc said it will acquireNuCO2INCfrom private equity firm Aurora Capital Group for $1.1 billion in cash to expand its beverage carbonation business. ...
