Bristol, UK - Refrigerant supplier A-Gas International has completed the acquisition of US-based RemTec International, a specialist in the controlled halocarbon management and sustainability industry. The terms of the transaction were not disclosed.
A-Gas, which also provides a recovery and reclamation service for the refrigeration industry, said the transaction is its fourth acquisition so far in 2012.
Founded in 1986, RemTec provides products and services involved in managing Ozone Depleting Substances (ODS) and substances high in Global Warming Potential (GWP) across the world, including in the Middle East, China, Australia and India.
RemTec's patented equipment is used to recover and reclaim CFCs (chlorofluorocarbons), HCFCs (hydrochlorofluorocarbons), and HFCs (hydrofluorocarbons) used in refrigerant and heating, ventilation and air conditioning (HVAC) applications, A-Gas said in a 6 Aug news release.
A-Gas noted that RemTec's capabilities represent a complete end-to-end solution for clients' controlled halocarbon needs, including identification of unknown substances that may damage the environment, on-site removal, and packaging and handling in accordance with all regulations.
"The acquisition of RemTec is another great example of our ambition to grow the business on a global scale. RemTec brings… a strong platform for growth in refrigerants; we believe that there is real scope to build further upon RemTec's success to date in North America, whilst also driving value across the enlarged group," commented John Rutley, executive chairman of A-Gas International.