The German firm BUSE Gastek GmbH, headquartered in Bad Hönningen, is merging its business divisions for CO2 production and recovery plant construction and dry ice technology with the Swiss company ASCO CARBON DIOXIDE LTD, headquartered in Romanshorn.
Employees of BUSE Gastek working in these divisions will be transferred to ASCO, a subsidiary of the German specialist in industrial gases Messer Group. Based on sales figures for 2013, the merger will result in a competitive company with an estimated annual turnover of €32m.
The joint venture will operate under the name ASCO CARBON DIOXIDE LTD, with Marco Pellegrino retaining his role as Managing Director. BUSE Gastek’s business divisions, Tank Service for Technical Gases and Cryogenic Freezers which are based at the sites in Bad Hönningen and Steinheim-Bergheim, are not affected by the merger and will remain part of BUSE Gastek.
ASCO and BUSE Gastek share a similar heritage: both companies are traditional plant builders with over 90 and 120 years of experience respectively in CO2 and dry ice technology. The merger will allow the expertise and product portfolios of both companies to be pooled and significantly expanded. This applies in particular to the complex field of CO2 recovery, which requires a constant flow of innovative solutions to meet customers’ economic and environmental demands.
... to continue reading you must be subscribed
