Airgas Buys Refron; Will Keep Brand Name

June 30, 2008
/ Print / Reprints /
ShareMore
/ Text Size+

Airgas Inc. announced on June 12 that it signed a definitive agreement to acquire the assets and operations of Refron Inc., a national reseller and distributor of refrigerants that also provides technical services and refrigerant reclamation services. The companies expect to complete the transaction by the end of July, subject to regulatory approvals and customary closing conditions, according to an announcement from Airgas.

The announcement said that Refron, which is based in Long Island City, N.Y., will continue to go to market as Refron, and will be integrated with Airgas’ existing refrigerant and reclamation business into a new company, Airgas Refrigerants Inc.

Airgas said it intends to offer employment to about 60 Refron associates working in Long Island City, N.Y.; Baton Rouge, La.; and Long Beach, Calif. Refron owners Jay and Jerry Kestenbaum, whose father founded Refron in 1950, will join Airgas after acquisition.

“As a leader in supplying refrigerants for over 55 years, we are excited about the prospect of joining forces with Airgas,” said Jay Kestenbaum, president of Refron. “Our can do attitude will fit well with the Airgas culture. Our combined resources will help our people and customers meet the challenges of a changing industry as more environmentally-friendly alternatives are required in the marketplace.”

Chuck Broadus, president of Airgas Specialty Products, has been named president of Airgas Refrigerants, effective immediately. Jay Kestenbaum will become senior vice president for product management, vendor relationship, and marketing for refrigerants, reporting to Broadus. Jerry Kestenbaum will continue as vice president of technology. Broadus will continue to report to Airgas’ Gas Operations Division President Ted Schulte, who will also become president of Airgas Specialty Products, which will focus on its industrial ammonia and process chemicals businesses.

“Chuck has been instrumental in building our refrigerants business in the last 18 months, with the acquisitions of CFC Refimax and Gartech,” said Schulte. “Now with the addition of Refron, it makes sense to break out our refrigerants business. Our ammonia and process chemicals businesses also have seen tremendous growth under Chuck’s guidance since 2006. I will work directly with the Airgas Specialty Products team to continue that progress.”

Publication date: 06/30/2008

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

THE MAGAZINE

ACHRNEWS

NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con