By LNG World News US-based LNG equipment provider Chart Industries completed the previously announced acquisition of the heat transfer solutions company, Hudson Products, for $410 million.
Hadson was majority-owned by funds managed by Riverstone Holdings.
Hudson’s brands and products are used in refining, petrochemical, natural gas, power, and other industrial and commercial end markets. Air-cooled heat exchangers and axial flow cooling fans account for approximately 37 percent of Hudson’s total net sales.
Hudson complements Chart’s Energy & Chemicals segment with the addition of its Fin-Fan brand and other air-cooled heat exchangers which broaden E&C’s end market diversity from primarily LNG, industrial and natural gas, Chart said.
Read Full Article Here
For more great articles: LNG World News