Hudson Completes Acquisition of Airgas Refrigerants, Inc.

Hudson Technologies, Inc. announced on Oct. 10 the finalization of its acquisition of Airgas-Refrigerants, Inc., a subsidiary of Airgas, Inc., an Air Liquide company and leading U.S. supplier of industrial gases.

The transaction is valued on a gross basis at approximately $220 million. ARI is a leading refrigerant distributor and EPA certified reclaimer in the U.S. ARI distributes, reclaims and packages refrigerant gases for a variety of end uses.

“We’re very pleased to have closed this transformative acquisition which represents a milestone in our Company’s history," said Kevin J. Zugibe, Chairman and Chief Executive Officer of Hudson Technologies. "The addition of ARI significantly strengthens our leadership position in the refrigerant and reclamation industry by enhancing our product offerings, increasing our geographic reach and customer base and enhancing our sales and distribution capabilities."

Zugibe continued: "This strategic combination considerably increases the scale of our company which will allow us to better serve our customers during the ongoing phase out of HCFC refrigerants and as the industry continues its transition to next generation HFC refrigerants, which have also been identified for future phase down. We welcome ARI’s experienced management team and employees and look forward to working together to serve our existing and new customers with our expanded product and service capabilities.”

Hudson Technologies, Inc. is a leading provider of innovative and sustainable solutions for optimizing performance and enhancing reliability of commercial and industrial chiller plants and refrigeration systems.

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