A-Gas International, has completed the acquisition of US-based RemTec International, a specialist in the controlled halocarbon management and sustainability industry, for an undisclosed sum.
It is the fourth acquisition by A-Gas this year and is part of the group's acquisitive growth strategy.
Established in 1986, RemTec provides 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.
The acquisition is 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 North American market.
The acquisition of RemTec follows on from the successful acquisitions of Australian based Technochem in March this year, SA Rural in May and UK based A-Zone Technologies in April.
John Rutley, executive chairman of A-Gas International (pictured), 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.'
