Praxair acquires beverage carbonation firm NuCO2 for $1.1 billion

Praxair has agreed to acquire beverage carbonation firm NuCO2 from a Los Angeles–based private equity firm, Aurora Capital Group, for $1.1 billion in cash. The transaction is expected to close by the end of first-quarter 2013, pending regulatory approval. The price values NuCO2 at about 10 times Ebitda, Praxair says. Praxair says NuCO2 is the leading provider of beverage carbonation in the United States and provides to the restaurant and hospitality industries—including its 162,000 customer locations and 900 employees. NuCO2 operates from 150 depots across...

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