Chart Industries to tap credit facility for Hudson Products purchase

By Wendy Van Sickle

Columbus, Ohio, June 30 –Chart Industries, Inc. plans to draw down on its credit facility to fund part of its acquisition of Hudson Products Corp. for $410 million in cash, according to a news release.

Chart also plans to use cash on hand to fund the purchase.

Hudson is a Beasley, Texas-based designer and manufacturer of brands and products used in refining, petrochemical, natural gas, power and other industrial and commercial end markets. The company is expected to generate net sales of approximately $205 million in 2017, according to the release.

Garfield Heights, Ohio-based Chart Industries is a manufacturer of highly engineered equipment used in the production, distribution, storage and end-use of hydrocarbon and industrial gases.

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