UK-based A-Gas International has completed the strategic acquisition of RemTec International, a specialist in the controlled halocarbon management and sustainability industry.
The US-based company becomes the fourth strategic acquisition completed by A-Gas so far in 2012. Terms of the deal were not disclosed.
It follows on from the successful acquisitions of Australian-based Technochem in March and SA Rural in May, and fellow UK company A-Zone Technologies in April.
Founded in 1986, RemTec has provided products and services involved in managing Ozone Depleting Substances (ODS) and substances high in Global Warming Potential (GWP) on a worldwide basis. The company’s patented and proprietary equipment is used to recover and reclaim Halons and their replacement agents used in the fire protection industry, and also CFCs, HCFCs, and HFCs used in refrigerant and HVAC applications.
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, onsite removal and packaging and handling in accordance with all regulations, cylinder refurbishing and recertification, fractional distillation, and establishing halocarbon banks and strategic reserves.
“The acquisition of RemTec is another great example of our ambition to grow the business on a global scale”
John Rutley, A-Gas International
The acquisition there provides a strong strategic fit with A-Gas’ existing operations in the Environmental Services market, which is already well established in the UK and Europe. It is also seen as providing the business with a solid foothold within the all-important North American market.
John Rutley, Executive Chairman of A-Gas International, said of the deal, “The acquisition of RemTec is another great example of our ambition to grow the business on a global scale.”
“RemTec brings a market leadership position in Halons and 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.”
Jon Masters, Regional Managing Director of A-Gas International, added, “RemTec strengthens our lead in refrigerant reclaim and separation technology. Our Environmental Services business on both sides of the Atlantic will feed off each other and innovate faster, benefiting our customers in both the UK and USA.”
“Further, this acquisition builds group presence in niche Industrial Special Products, in line with our strategy of building the group beyond our roots in refrigeration.”