ACHRNEWS

March 9, 2010: Refrigerant Services Inc. Acquired by Polar Technology

March 9, 2010

NASHVILLE, Tenn. - Polar Technology has purchased Missouri-based company Refrigerant Services Inc. (RSI). RSI provides refrigerant recovery services in a specialized section of the industry, tailored toward large industrial refrigeration accounts, such as chemical plants and process cooling facilities. Polar Technology said the acquisition is a strategic complement to its strength as a refrigerant sales and reclamation and recycling company.

Polar offers a refrigerant recovery cylinder exchange program. In addition, Polar markets a complete line of virgin and recertified refrigerants, refrigerant and oil analysis programs, provides recovery and rental services, as well as conducts oil and solvent reclamation.

“Polar made this investment as we strive to grow our business and enter the field of direct refrigerant recovery support,” said Ted Atwood, president/founder of Polar Technology. “We feel that this purchase will not only broaden our customer base and focus our resources, but will further allow us to broaden our environmental stewardship programs, of which we are extremely proud.”

“I believe this acquisition takes the refrigerant business to a whole new level, and I’m excited to see what the future holds for Polar Technology and its staff,” said Shannon Arthur, partner of Refrigerant Services.

Refrigerant Services has been focused on large industrial refrigeration accounts. It has developed an exclusive position in this area, due to the challenges and technical expertise required to perform such work. This specialized technology will now be transferred to Polar Technology’s new facility in California. Polar Technology will continue to support the needs and requirements of Refrigerant Services customers. RSI’s Shannon Arthur will remain involved as the account manager for Refrigerant Services clients.

“We are very positive about the future of the reclaim industry,” continued Atwood. “We believe that our investment in these resources enhances Polar’s ability to remain a valued partner of contractors, large building owners, process cooling facilities, chemical plants, and wholesale distributors.”

For more information about Polar Technology, visit www.refrigerantauthority.com.

Publication date: 03/08/2010