Praxair acquires NuCO2 for $1.1bn
Praxair, a US-based industrial gas supplier, has acquired beverage carbonation solutions provider NuCO2 for $1.1bn from private equity investment firm Aurora Capital Group.
NuCO2, with 162,000 customer locations and 900 employees, serves fountain beverages to quick service restaurants and convenience stores in the US.
With this move, Praxair is set to grow its beverage carbonation businesses domestically and internationally through expanded product and service offerings.
Praxair executive vice president Eduardo Menezes said that NuCO2 will fit directly within the company's strategy of building density and providing customer reliability.
"It will continue to operate with a focus on customer service and will benefit from Praxair's strong competencies in distribution and productivity," Menezes added.
The business is expected to generate full year sales of around $250m and earnings before interest, taxes, depreciation, and amortization of $115m in 2013.
Related Insight
Suppliers Directory
Non-alcoholic Fruit Juice Energy & Sports Drinks Dairy Hot Drinks Soft Drinks Bottled Water
Technology Packaging Process Technology
Markets & Regulations Markets Regulatory & Safety
Process Technology Intelligence
Until recently, the beverages market was divided simply between alcoholic and non-alcoholic beverages. As consumers’ tastes grew more sophisticated and demand surged for a variety of beverage options catering to lifestyle changes and health concerns, the beverages industry has responded with a dizzying array of options to choose from. This report focuses on the U.S. and world markets for beverages across several broad categories. For the purposes of this study, TriMark Publications has divided the global beverages markets into the following product segments include: 1) alcoholic beverages such as wines, beers and spirits; 2) non-alcoholic beverages such as bottled water and milk; 3) brewed beverages such as coffees and teas; 4) carbonated beverages such as sodas and soft drinks; 5) non-carbonated juice products both fresh and pre-packaged; and 6) energy drinks which are generally caffeinated beverages in both carbonated and non-carbonated forms. For each market segment, this study presents the latest information on size, growth rates, sales projections and factors influencing growth in the U.S. and internationally. Buy online from $449
Comments may be moderated for spam, obscenities or defamation.