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Georgia industrial equipment company making $592M acquisition

David Allison
Georgia industrial equipment company making $592M acquisition

A Georgia maker of industrial cooling equipment is heating up its business with a $592 million acquisition. Ball Ground, Ga.-based Chart Industries Inc. (Nasdaq: GTLS) said Thursday it's buying the Industrial Air-X-Changers business of Pennsylvania-based Harsco Corp. (NYSE: HSC). Chart says the Harsco AXC deal reinforces its strategic focus on cryogenic engineering and products for the industrial gas and energy industries.