Praxair Acquires Tri-State Carbonic, LLC.'s Merchant Carbon Dioxide Business
April 11, 2013
Acquisition Expands Praxair Carbon Dioxide Supply Reliability and Services
DANBURY, Conn., April 11, 2013 – Praxair, Inc. (NYSE: PX), today announced the acquisition of Tri-State Carbonic’s merchant carbon dioxide (CO2) business in Lawrenceburg, Indiana. Financial terms of the transaction were not disclosed.
Tri-State is a producer of high-quality, bulk carbon dioxide gas for industrial use in the greater Cincinnati area. The company produces beverage-quality carbon dioxide gas for use in various markets, including food and beverage, fire-prevention, welding and many others.
“The Tri-State CO2 plant enables Praxair to better serve customers in the Cincinnati and Louisville areas, and further strengthens the reliability of our system.” said Kevin Foti, vice president of CO2 and president of NuCO2 for Praxair’s U.S. industrial gases business.
"Our customers will be in good hands with Praxair. They will bring additional strength, stability, and services to CO2 customers.” said Barry Nanz, managing member of Tri-State.