Praxair Inc. (PX) Thursday said it acquired Tri-State Carbonic's carbon dioxide plant in Lawrenceburg, Indiana. Financial terms of the deal were not disclosed.
Tri-State is said to be 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.
Commenting on the development, Kevin Foti, vice president of CO2 and president of NuCO2 for Praxair's U.S. industrial gases business said, "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."
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