WOODCLIFF LAKE, N.J. — Hudson Technologies Inc. has announced the acquisition of substantially all of the assets of USA United Suppliers of America Inc., doing business as USA Refrigerants, for $20.7 million — subject to customary post-closing adjustments — and up to an additional $2 million in potential earnout payments.
USA Refrigerants is a national refrigerant distributor and has been a leading purchaser of recovered refrigerants for more than 25 years.
“We have known USA for many years, and they have built a highly respected reputation in our industry based on their expertise in refrigerant recovery, as well as their strong sales organization, and high level of service and commitment,” said Brian F. Coleman, Hudson’s president and CEO. “With the addition of the USA team, Hudson will create a dedicated refrigerant acquisition group focused on acquiring all types of refrigerants, from CFCs to HFCs and the latest generation products.”
“Hudson is the right home for our business,” said Ted Broudy, president of USA Refrigerants. “With their additional resources and expertise in field service, recovery, and reclamation, our USA customers will continue to receive the excellent level of care and attention we have always provided, and the opportunity to combine our capabilities with Hudson’s will allow us to expand our expertise and service to a broader customer base. We look forward to joining Hudson and establishing a new team dedicated to rapidly growing refrigerant acquisition and reclaim sales.”
Report Abusive Comment