May 3, 2013: RectorSeal Acquires Locking Cap Manufacturer, Novent
HOUSTON — RectorSeal® Corp. announced that it has acquired the total assets of Novent Cap LLC, Yorba Linda, Calif., manufacturer of the Novent® tamper-resistant locking cap used on the refrigerant access ports of air conditioning units.
RectorSeal said the acquisition, plus the recent development of its own GasGuard™ locking cap brand, now positions it as the market-share leading manufacturer of locking caps. The company said increasing locking cap sales across the nation are being driven by the recent trends of teenage huffing deaths and black market refrigerant theft due to the inherently easy access of air conditioning units’ Schrader valves. The caps also provide environmental benefit as their O-ring seals minimize refrigerant loss due to leaking Schrader valves.