Cheers

Cheers

The Beverage Business Magazine for Full-Service Restaurants and Bars

  • Beverage Trends
    • Beer
    • Wine
    • Spirits
    • Wine Reviews
    • Marketing
    • Operations
  • Operators
    • What I’m Drinking Now
  • Recipes
    • Submit a Drink Recipe
  • Events & Awards
    • Cheers Beverage Summit
    • Growth Brands
    • BevX Awards
    • Supplier Awards
  • Podcasts
  • E-News
    • E-News Subscribe
  • Digital Issues
  • Cheers@Home

NuCO2 Aquires nexAir`s Bulk CO2 Beverage Carbonation Business

01/05/2009

by: The Staff

STUART, Fla.–(Business Wire)–NuCO2, the largest supplier in the U.S. of bulk CO2 systems and services for
carbonating fountain beverages, today announced that it has acquired the bulk
CO2 beverage carbonation business, including nearly 10,000 bulk CO2 customer
accounts and related assets, from nexAir. Upon completion, NuCO2 will have a
total of approximately 128,000 accounts. NuCO2 expects the acquisition to add
revenues of approximately $13 million annually.

Based in Memphis, TN, nexAir`s bulk CO2 beverage carbonation business primarily
spans 15 mid-south states and is complementary to NuCO2`s existing markets.
NuCO2 currently has facilities operating in all of nexAir`s service areas. The
majority of nexAir`s employees engaged in its beverage carbonation business are
expected to join NuCO2.

“The acquisition of nexAir`s bulk CO2 beverage carbonation business provides
NuCO2 with a sizable addition to our existing bulk CO2 business and is an
excellent fit with our market position and service capabilities in these
geographies,” said Michael E. DeDomenico, NuCO2`s Chairman and CEO. “This
business operates with high quality and service standards that are similar to
those of NuCO2. We expect a smooth and seamless integration of the business into
NuCO2`s existing service platform, as well as for all our customers.”

Advertisement

Terms of the acquisition were not disclosed. NuCO2 said the acquisition would be
financed primarily with additional investment provided by Aurora Capital Group
and its affiliates.

Last modified: 01/05/2009

Previous Story:
New Look for Bud Light
Next Story:
MillerCoors rolls out MDGD 64 on Draft

About the Author: The Staff

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

In The News

  • Barton 1792 Begins Filling First New Warehouse in Decades
  • Canopy Growth Launches CBD Beverage Quatreau in the U.S.
  • Budweiser Select Reaches National Distribution
  • Grey Goose Essences Launch as Low-ABV Vodkas
  • Dogfish Head Canned Cocktails Hit the Shelves
  • Michter’s Barrel Strength Rye Whiskey Returns to Markets
More News >>

Follow Us

Facebook
Twitter

Featured Drink

  • Spiked Xocolatl
    Spiked Xocolatl cocktail

Drink Recipes

  • Spiked Xocolatl
  • The Dapper Dragon
  • Frosty Bourbon
  • Winter Garden Sour
  • Very Special Valentines Cocktails For 2021

Current Issue

Cheers Current Issue

Cheers Magazine

  • About Cheers
  • Advertise
  • Contact Us
  • Subscribe
  • Market Research

Events & Awards

  • Beverage Excellence Awards
  • Cheers Beverage Summit
  • Growth Brands Awards

Magazines

  • Cheers
  • Beverage Dynamics
  • StateWays
  • Beverage Wholesaler
  • Beverage Handbooks (research)

E-Newsletters

  • Better Bartending
  • Cheers
  • Beverage Dynamics
  • StateWays
  • Beverage Wholesaler
  • Beverage Universe
  • Cannabis Regulator
  • About EPG Media
  • Send File
  • Privacy Policy
Powered by WordPress and Versal.