Chart Industries, a company based near Ball Ground that makes cryogenic tanks and other thermal management equipment, is merging with Flowserve, an industrial firm based in Texas. The merged firm will be based in Dallas,

Under the agreement, Chart shareholders will receive 3.165 Flowserve shares, worth about $159.90 based on Flowserve's Tuesday closing price of $50.52, for each Chart share held, about 1% below Chart's Tuesday closing price of $161.59. Chart shareholders will own 53.5% of the combined company, while Flowserve shareholders would own 46.5%.