AcquisitionThe acquisition of a liquid CO2 business is expected to be immediately accretive, providing future earnings upside.
Cost SavingsCost-cutting measures, including reducing headcount and cold idling a facility, are expected to save $8 million annually.
Operational EfficiencyThe company acquired the liquid CO2 business adjacent to its Columbia facility, now named Alto Carbonic LLC, and has quickly lowered combined costs of the facility, improved operations, and increased productivity.