Atlanta’s Chart Industries selling subsidiary for $320M, focusing on high-growth areas

A big metro Atlanta-based maker of industrial equipment said Tuesday it’s selling one of its businesses for $320 million in a move to focus on more high-growth areas. Ballground, Ga.-headquartered Chart Industries Inc. (Nasdaq: GTLS) said it will sell its cryobiological products business to Cryoport Inc. (Nasdaq: CYRX), a Nashville, Tenn.-based life sciences services company. Cryobiological products are used for transport of biological samples and storage of vaccinations, tissue, cells, blood…

A big metro Atlanta-based maker of industrial equipment said Tuesday it’s selling one of its businesses for $320 million in a move to focus on more high-growth areas. Ballground, Ga.-headquartered Chart Industries Inc. (Nasdaq: GTLS) said it will sell its cryobiological products business to Cryoport Inc. (Nasdaq: CYRX), a Nashville, Tenn.-based life sciences services company. Cryobiological products are used for transport of biological samples and storage of vaccinations, tissue, cells, blood…

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