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Bacharach announces Neutronics acquisition

Bacharach, a leading specialist in HVACR gas instrumentation and energy management solutions, has acquired refrigerant and gas analyser provider, Neutronics.

Neutronics’ technologies serve the automotive and commercial HVAC markets, providing high-purity oxygen analysers to the semi-conductor industry and self-contained breathing units to the safety and rescue industry. Financial terms of the private transaction were not disclosed.

The combination of Bacharach and Neutronics is set to strengthen Bacharach’s ability to provide the worldwide HVACR and automotive markets with high quality fixed and portable gas test and measurement instrumentation.

Doug Keeports, chief executive of Bacharach, said: “Neutronics is the established leader in refrigerant identifiers for the global automotive and HVACR industries and has complimentary NDIR sensor technology in its instruments, which are designed and manufactured in its Exton, Pennsylvania facility.

“This acquisition aligns well with Bacharach’s strategic plan and strong focus on growing our market leadership in instrumentation and refrigerant monitoring, as well as complimenting Bacharach’s expertise and strengths in the combustion and emissions analysis markets. We are happy to welcome the Neutronics team and look forward to continuing to grow our combined business.”

Neutronics will continue to carry its existing brand and operate under the leadership of Gary Halpern, president, and David Halpern, chief operations officer, who joined their father Terry Halpern at the company over 40 years ago. Terry founded the business in 1976 with a focus on the measurement and control of oxygen and other gases for safety, environmental, and general industrial applications.

Gary, David and their executive team bring over 150 years of industry experience to the Bacharach team. Neutronics will operate as a wholly owned subsidiary of Bacharach, with the management teams of both businesses working to leverage their combined strengths.

12 July 2018

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