Bristol-based A-Gas International, one of the world’s largest independent suppliers of refrigerants, associated environmental services, and speciality gases and chemicals, has completed the acquisition of US firm RemTec International, a specialist in the controlled halocarbon management and sustainability industry.
The terms of the transaction were not disclosed.
The deal represents the fourth strategic acquisition for A-Gas so far this year and forms part of its acquisitive growth strategy in the UK and internationally.
The acquisition 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, and provides the business with a solid foothold within the all-important North American market.
A-Gas International chairman John Rutley said: “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.”
The RemTec deal follows on from A-Gas’s successful acquisitions of Australian-based Technochem in March, UK-based A-Zone Technologies in April and SA Rural in May.
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.
Its 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 possesses one of the most comprehensive and technically advanced international operations in the controlled halocarbons industry, enabling it to extract maximum value from ODS and GWP substances while safeguarding the environment.
It is expanding its geographic footprint to international locations such as Middle East, China, Australia and India. It also offers safe and reliable halocarbon destruction options for all ODS and GWP material, and is one of the largest generators of carbon offset credits issued by the California Climate Action Reserve.
RemTec also recycles used refrigerants, where its specialised equipment and expertise allows it to provide a full reclaim and product stewardship package to refrigerant users in this environmentally sensitive sector.
A-Gas is a market leader in the supply of refrigerants within its core territories in the UK, South Africa and Australia, and has state-of-the-art storage, blending, packaging and reclamation facilities in Bristol, Cape Town, and Melbourne. The company is rapidly growing its market share in Asia and the Americas with sales offices in Singapore, Thailand, China and the US.
