GTLS - Chart Industries acquires Fronti Fabrications for $20M

Chart Industries (NYSE:GTLS) said Tuesday it acquired Fronti Fabrications for $20M. Fronti specializes in engineering, machining and welding for the cryogenic and gas industries, supplies new build pressure vessels, and performs repairs. The acquisition expands GTLS' cold box manufacturing capacity, including work underway on Chart hydrogen and helium liquefiers. It increases GTLS' under-roof cold box fabrication capabilities by ~25% and provides additional capacity for battery assembly, perlite cold box fabrication, and specialized vessel and skid fab capabilities. Earlier this month, GTLS acquired CSC Cryogenic Service Center for ~$4M to expand its presence in the Nordic region.

For further details see:

Chart Industries acquires Fronti Fabrications for $20M