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Comment Business & Economics

Praxair acquires Tri-State Carbonic’s merchant CO2 Business  

By Gerald Ondrey |

Praxair, Inc. (Danbury, Conn.; www.praxair.com) today announced the acquisition of Tri-State Carbonic’s merchant carbon dioxide business in Lawrenceburg, Indiana. Financial terms of the transaction were not disclosed. Tri-State is a producer of high-quality, bulk CO2 gas for industrial use in the greater Cincinnati area. The company produces beverage-quality CO2 gas for use in various markets, including food and beverage, fire-prevention, welding and many others. “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,” says Kevin Foti, vice president of CO2 and president of NuCO2 for Praxair’s U.S. industrial gases business.  
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