RectorSeal purchases AC Leak Freeze
RectorSeal® Corp., has acquired the assets of Universal Technologies Inc. and its AC Leak Freeze™ brands of refrigeration and air conditioning system leak repair sealants. Terms of the deal were not disclosed.
Universal Technologies provides refrigerant leak repair for most sizes of air conditioning and refrigeration equipment under the AC Leak Freeze™ and AC Leak Freeze™ with Magic Frost brands. It also offers AC Leak Freeze™ R for smaller appliances. AC Leak Freeze is a non-polymer formula that seals environmentally-damaging refrigerant leaks internally and doesn't react to moisture or oxygen. Once applied with its injector system, the company claims the AC Leak Freeze also remains in the system to seal future leaks as they occur while also reducing component friction.
RectorSeal officials said the acquisition supplements the company’s product line and complements its refrigerant service product category that includes, Acid-Away®, Acid-Detector™, and Oil-ID™.
"We had the opportunity to buy a company with a ‘best-in-class’ product, so we took advantage of it," said Larry Kaiser, vice president of sales at RectorSeal.
The Universal Technologies transaction is RectorSeal's fifth acquisition since 2011 when it acquired Airtec. Other recent acquisitions include Resource Conservation Technologies, Glue-On-Nozzle, SureSeal®, and the Evo-Crete™ and PolySlab™ brands from Australian-based Evolve Group.
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