LNG

Chart Industries, the US maker of liquefied natural gas liquefaction and storage equipment, has entered into an agreement to acquire its smaller US sector rival Hudson Products Corp. for $410 million in cash to boost its core business.

Chart Industries, one of the leading global suppliers of liquefaction and storage equipment, narrowed its net loss in the first quarter amid mixed LNG results and continued restructuring expenses ahead of the company moving its headquarters from Cleveland, Ohio, to Canton in the US state of Georgia.