Hudson buys refrigerant reclaimer Polar
7th November 2014USA: Leading US refrigerant supplier and reclaimer Hudson Technologies has acquired the reclamation business and assets of Polar Technologies.
Polar serves several hundred wholesale customers from three reclamation facilities located in Nashville, Ontario and Puerto Rico.
Describing the acquisition as an important milestone for Hudson, chairman and ceo Kevin Zugibe said: “We believe Polar is the fourth largest reclaimer in the industry, historically reclaiming approximately 8% or more of the total reclaim market, and they have been a respected competitor for many years. Polar’s strong presence in California and Puerto Rico provides Hudson with local reach in these two important markets where we have previously had limited exposure.”
The acquisition also provides Hudson with reclamation capacity to service the US refrigeration market with reclaimed R22.
