A-Gas Expands Into Canada; Acquires VEMAC Services
Company seeks to become a large-scale, long-term market participant
A-Gas, a company involved in the supply and lifecycle management of refrigerants, clean agent fire suppression, and performance chemical blowing agents, recently announced that it is expanding into Canada.
“A-Gas recognizes Canada as a country where we can leverage our skills and expertise from around the globe to develop innovative and sustainable market solutions,” said managing director, Louise McCann. “It is our intention to become a large-scale, long-term market participant, and we are committed to furthering our investment directly in Canada to enable this. A-Gas already has some strong relationships within Canada, having participated in the reclaim R-22 market for several years.”
According to Jim Flowers, the new business director of A-Gas Canada, “The recent implementation of the HFC allowance system in Canada will bring new challenges and opportunities in the Canadian market. I am excited about the opportunity with A-Gas to make instrumental changes to support this developing market.”
In other news, A-Gas recently announced that it has acquired Singapore-based refrigerant company, VEMAC Services. VEMAC employs approximately 25 people across the business, including in-house engineers and technicians offering specialist recovery and reclamation services on-site. VEMAC is introducing a bespoke refrigerant cleaning service targeting energy savings in the HVAC chiller sector.
“This is an exciting addition to our portfolio and will enable us to further strengthen our global presence in refrigerant recovery and reclamation,” said Andrew Ambrose, group chief executive officer of A-Gas. “VEMAC will be an ideal platform for our further expansion into the Southeast Asian markets. We are looking forward to investing and growing our environmental service offerings across these markets with the support of the VEMAC team.”
This is the fourth acquisition of a refrigerants business by A-Gas since the mid-2017 investment in the company by private equity firm KKR. A-Gas bought the Netherlands-based reclamation business BTC in 2017, and in 2018 acquired the leading supplier of refrigerants to the European automotive sector, Arthur Friedrichs Kältemittel. The company also bought USA-based refrigerant reclamation specialist Diversified Pure Chem in 2017 as part of a wider global growth plan.
Publication date: 3/5/2019