US-based Praxair said that it has completed the acquisition of NuCO2 from Aurora Capital Group for $1.1bn.

NuCO2 is the producer of fountain beverage carbonation in the US with about 162,000 customer locations and 900 employees.

Praxair executive vice president Eduardo Menezes said that NuCO2 is a high-quality business, which will benefit from the company's strong competencies in distribution and productivity.

"Praxair will grow its beverage carbonation businesses domestically and internationally through expanded product and service offerings," added Menezes.

Praxair will produce atmospheric and process gases, as well as high-performance surface coatings.

It provides products, services and technologies to different industries such as aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing and metals.