10 April 2012
A-Gas buys Australian refrigerant business
BRISTOL-based A-Gas, one of the largest independent refrigerant gases, environmental services, speciality gases and chemicals providers, has completed the acquisition of an Australian based refrigerant re-packer, Technochem for an undisclosed sum.
Technochem is based just outside Melbourne and is an established independent specialist blender, re-packer and distributor of refrigerant gases and services.
'The acquisition of Technochem represents an important strategic development for A-Gas, as it will further strengthen our existing operations in Australia,' said John Rutley, executive chairman of A-Gas
This is the first acquisition completed since the private equity firm LDC invested in A-Gas in last year and, according to John Rutley, 'Represents the start of what we anticipate will be a strong pipeline of buy and build opportunities going forward.'
As a result of the acquisition A-Gas now employs 148 people and is a leader in its principal territories of the UK, Australia and South Africa. A-Gas also has a growing presence in Asia Pacific and North America.