Harsco sold its Air-X-Changers Business to Chart Industries for $592m.

Harsco, a diversified industrial company, sold its Air-X-Changers Business to Chart Industries, which manufactures and sells engineered equipment and packaged solutions, for $592m. “The sale of our Air-X-Changers business marks a significant step for Harsco as we focus on delivering superior performance across market cycles and scaling the differentiated and value-added environmental solutions that are becoming important growth drivers for the Company,” said Chairman and CEO Nick Grasberger. “As part of our strategy, we will continue to optimize our portfolio and unlock value for our shareholders by exiting certain businesses. This transaction is a great outcome for Harsco and the Air-X-Changers business. Under Chart’s ownership, Air-X-Changers will become part of a company that is a leading supplier of mission critical equipment to the energy and chemicals industries, and one that is committed to growing the business for the benefit of its customers and employees.”