UK-based A-Gas has completed the acquisition of an Australian-based refrigerant re-packer, Technochem, for an undisclosed sum.
A-Gas is one of the largest independent providers of refrigerant gases, environmental services, specialty gases and chemicals.
The deal was transacted with support from leading private equity provider LDC, who invested in A-Gas in April 2011.
Technochem is based just outside Melbourne and is an established independent specialist blender, re-packer and distributor of refrigerant gases and services to the refrigeration industry.
The acquisition supplements the market leading A-Gas Australia business and provides a number of strategic opportunities to grow value in the business, the company explains. It will also enhance and further develop businesses relationships with existing customers in this market.
As a result of the deal, A-Gas now employs 148 people and is a leader in its principal territories of the UK, Australia and South Africa. The company also has a growing presence in Asia Pacific and North America, providing a global platform with growth potential in all markets.