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INOX INDIA ACQUIRES MAJORITY OWNERSHIP OF CRYOGENIC VESSEL ALTERNATIVES

Mont Belvieu Texas – (December 18, 2009) INOX and Cryogenic Vessel Alternatives (CVA) announces the acquisition of majority shares of CVA located in Mont Belvieu Texas. This partnership between the two companies will strengthen the current positions the companies have around the world. Both INOX and CVA will continue to offer their customers great products and service, while enhancing their current product offerings around the world. The complementary expertise of both these companies will create and provide a strong platform for sustainable growth and ongoing success. Chris Carr, Hector Villarreal and Dean Corbin the owners of CVA will continue to play leadership roles and look forward to leverage the significant geographical market and product synergies resulting from this new partnership.


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