US-based refrigerant recycler is fourth buy for A-Gas International in 2012
Bristol-based A-Gas International has completed the acquisition of US based RemTec International (“RemTec”), a specialist in the controlled halocarbon management and sustainability industry. The terms of the transaction were not disclosed.
The transaction represents the fourth strategic acquisition completed by A-Gas so far in 2012, and forms part of the Group’s acquisitive growth strategy which is being executed both in the UK and internationally.
John Rutley, Executive Chairman of A-Gas International 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.”
Founded in 1986, RemTec has provided patented and proprietary equipment to recover and reclaim CFCs, HCFCs, and HFCs used in refrigerant and HVAC applications, as well as Halons and their replacement agents used in the fire protection industry.
RemTec claims ‘one of the most comprehensive and technically advanced international operations in the controlled halocarbons industry’ according to A-Gas, with coverage extending to the Middle East, China, Australia and India.
The firm’s capabilities represent a complete “end-to-end” solution for clients’ controlled halocarbon needs, including identification of unknown substances that may damage the environment, on-site removal and packaging and handling in accordance with all regulations, cylinder refurbishing and recertification, fractional distillation, and establishing halocarbon banks and strategic reserves.
RemTec 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 said tt has contracts with organisations all over the world to remove, recycle, and remarket controlled halocarbons.
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.
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.
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, benefitting our customers in both the UK and USA.”
The acquisition of RemTec follows on from the acquisitions of Australian-based Technochem and SA Rural and UK based A-Zone Technologies this year.