Chart Industries Inc. entered into a definitive agreement to acquire Hudson Products Corp. for $410 million.
Hudson manufactures air-cooled heat exchangers and axial flow cooling fans for the refining, petrochemical, natural gas, power and other industrial end markets. Chart manufactures highly engineered equipment for the industrial gas, energy and biomedical industries. The majority of its products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end-use applications.
The transaction, which is subject to customary closing conditions, is expected to close during the third quarter of 2017.