nexAir sells beverage division to NuCO2


Memphis-based nexAir, one of the largest distributors of atmospheric gases and welding supplies in the US, has sold its beverage division to fellow US gases company NuCO2.

A beverage gases distributor headquartered in Stuart, Florida, NuCO2 itself will continue to distribute to all markets currently served by nexAir.

nexAir’s beverage division, part of the company for almost 25 years, served a 14-state area and brought in around $13m of the total $110m revenue for the company annually.

According to company leadership, the decision to sell the division was made largely due to a desire to focus on core services and products, and in order to fit the overall strategic plan for 2009.

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