A-Gas International has completed its strategic acquisition of independent US refrigerants supplier and distributor Coolgas.
The transaction represents the fifth 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.
The enlarged group will have a turnover of c. £130m and 237 employees.
Coolgas has recently commissioned a new refrigerant storage and packaging facility in Houston and has distribution centres in California, Utah, Arizona, Indiana, Michigan, Maryland and Georgia.
The acquisition builds on A-Gas’ acquisition of Ohio based refrigerant reclaimer and halocarbon management specialist RemTec International in July 2012.
A-Gas said Coolgas provides a strong strategic fit, bringing a strong brand and complementary footprint that will accelerate refrigerants sales growth.
The reclaim and carbon credits businesses extend A-Gas’ existing operations in the US Environmental Services market, which is already established in the UK and Europe.
The acquisition of Coolgas follows on from the acquisitions of Australian-based Technochem in March 2012, SA Rural in May 2012, and UK based A-Zone Technologies in April 2012.