Wed, 04/26/2017 - 09:47
PLUMSTEADVILLE, Pennsylvania -- Nikkiso has announced a $438 million deal to acquire California-based Cryogenic Industries Holdings. Cryogenic manufactures cryogenic equipment, including centrifugal and reciprocating pumps, for industrial gas and energy markets. Cryogenic reported a $156 million revenue in 2016, according to acquisition paperwork filed by Nikkiso. Nikkiso's board finalized the acquisition on April 20, and shares are expected to be transferred in August 2017.