Chart Industries completed the acquisition of a 85% stake in Earthly Labs for $62m.

Chart Industries, a manufacturer of liquefaction and cryogenic equipment, completed the acquisition of a 85% stake in Earthly Labs, a provider of technology that is designed to capture carbon dioxide waste, for $62m. “Earthly Labs’ small-scale carbon capture solution is a natural fit for our portfolio given the complementary end markets, sustainable portfolio and customers that need CO2 in the production and packaging of beer, wine, cannabis and food. Not only is it a natural fit, since our original investment earlier this year, Earthly Labs’ products have been ordered for numerous new geographies and end markets, resulting in a record year for the business. With the natural synergies and pull-through to our global customers, we see significant growth potential by having this offering in our expanded cryogenic carbon capture solution set," Jill Evanko, Chart CEO and President.