Chart Industries to acquire AirSep Corp. for $170 million
CLEVELAND, July 23, 2012—Chart Industries Inc., a global manufacturer of equipment used in the production, storage and end-use of hydrocarbon and industrial gases, announced that it has entered into a definitive agreement to acquire AirSep Corp. for $170 million in cash and up to $10 million in assumed debt. The transaction also includes senior management retention arrangements to ensure business continuity. AirSep, a privately held company based in Amherst, N.Y., is a leading manufacturer of oxygen generating systems for medical and industrial applications. The transaction is expected to be completed in the third quarter of 2012.