Chart announced that it would be acquiring Air-X-Changers back in May (2019). The $592m acquisition is a significant step for Chart in executing its strategy to focus on cryogenic expertise for the industrial gas and energy spaces.
Chart to acquire Harsco Air-X-Changers business
“I am excited to complete the Air-X-Changers acquisition on schedule, which provides strong backlog for the second half of 2019, immediate margin accretion to us, and a strong team,” said Jill Evanko, Chart’s CEO.
“Eric Clower, who has demonstrated consistent profitable growth as the General Manager for Air-X-Changers over the past eight years, will continue to build our Energy & Chemicals (E&C) FinFans business as the segment President, effective immediately.”
“In addition, Kari Hendrix will be our Vice-President of Finance for E&C FinFans, supporting Eric with her 2 years of experience in the business. We welcome all of the Harsco AXC team to the Chart family.”