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Chart Industries Acquires Worthington’s Cryogenic Trailer & Hydrogen Trailer Business

Steel News - Published on Wed, 14 Oct 2020

Image Source: Chart Industries Worthington
Leading independent global manufacturer of highly engineered equipment servicing multiple applications in the Energy and Industrial Gas markets Chart Industries has just revealed it has completed the acquisition of the Theodore, Alabama cryogenic trailer and hydrogen trailer assets of Worthington Industries. This acquisition includes ownership of the Theodore in Alabama manufacturing site, all trailer-related intellectual property, manufacturing capabilities, equipment and repair backlog. The facility has approximately 300,000 square feet under roof adjacent to the Port of Mobile, and the associated employees will join the Chart team.

Chart said this acquisition will produce strong synergies by combining Chart’s deep knowledge of cryogenics and liquid hydrogen storage and handling with the Theodore operation’s expertise and experience in the packaging and assembly of liquid hydrogen trailers.

The addition of the trailer business to Chart’s hydrogen equipment and solution offering expands the company mobile equipment to larger sized transports and brings another location already certified by significant hydrogen customers, the statement continued.

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Posted By : Yogender Pancholi on Wed, 14 Oct 2020
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