Shares of Praxair (PX) are trading roughly unchanged since the start of the year. Shares of the industrial gasses supplier have traded in a tight $110-$115 range in the first seven weeks of the year. Praxair announced the acquisition of NuCO2, a provider of beverage carbonation solutions in the first week of February.
The Deal
Praxair announced that it agreed to acquire NuCO2, a leading provider of beverage carbonation solutions to the restaurant and hospitality industries in the US. The 900 employees of the firm serve its customers in over 162,000 locations.
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