Praxair buys merchant CO2 business of Tri-State Carbonic
Praxair, a US-based industrial gases company, has purchased the merchant carbon dioxide (CO2) business of Tri-State Carbonic.
Tri-State is a producer of bulk carbon dioxide gas for industrial use in the greater Cincinnati area. It produces beverage-quality carbon dioxide gas for use in various markets, including food and beverage.
The acquisition is expected to expand Praxair's carbon dioxide supply reliability and services.
Praxair US industrial gases business CO2 vice president and NuCO2 president Kevin Foti 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."
Tri-State Carbonic managing member Barry Nanz said: "Our customers will be in good hands with Praxair. They will bring additional strength, stability, and services to CO2 customers."
Praxair produces, sells and distributes atmospheric, process and specialty gases and surface coatings to a wide variety of industries, including food and beverage.