Hudson Technologies to acquire Airgas-Refrigerants, Inc.


Hudson Technologies, Inc. is to acquire Airgas-Refrigerants, Inc. (ARI), a subsidiary of Airgas, Inc., citing “stronger distribution capabilities” and a “broader customer network”.

In a deal worth approximately $220m, subject to closing and post-closing adjustments, the acquisition will be financed with available cash balances as well as additional funds borrowed from external sources.

Chairman and CEO of Hudson Technologies, Kevin J. Zugibe, said the deal will be a transformative acquisition for the company, enhancing their business by providing a complementary product portfolio, expanding their geographic footprint and customer base and significantly expanding their sales and distribution capabilities.

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