Chart Industries has entered into a definitive agreement to acquire vaporizer manufacturer Thermax.
Thermax will be operated as part of Chart’s Distribution & Storage business segment, the company said in a statement without disclosing the terms of the transaction.
Thermax, headquartered in Dartmouth, Massachusetts, and its cryogenic fluid vaporizers are utilized in industrial gas, petro-chemical, and liquefied natural gas applications.
Chart Industries expect the transaction to be completed in the next 60 days.
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Image: Thermax