Hudson Technologies, Inc. announces the acquisition of Refrigerants Inc., an EPA-certified reclaimer and refrigerant distributor based in Denver, Colorado.
The initial purchase price for the acquisition is $2.5 million, subject to customary post-closing adjustments.
Refrigerants Inc. offers a full range of refrigerant lifecycle management services including refrigerant buyback, sales, distribution, cylinder exchange, onsite recovery, and reclamation.
Strategic Acquisition
Expansion of access to repeatable sources of recovered refrigerant, enhancing growth in core business.
Market Impact
Positioning to meet aftermarket demand for recovered refrigerant given the AIM Act's phase-down of virgin HFC refrigerants.
Customer Base Expansion
Acquisition brings in a large and longstanding customer base of contractors, facilitating growth in recovered refrigerant volume.
- The acquisition strengthens Hudson Technologies' presence in key markets for refrigerant sales and aftermarket supply chain.
- Refrigerants Inc.'s expertise will drive growth and bolster Hudson's leadership in the reclamation industry.
Hudson Technologies is poised to leverage Refrigerants Inc.'s capabilities for sustainable growth and environmental commitment in the HVACR industry.