The company today (12th Nov) said it has reached an agreement to acquire the reclamation business of Safety Hi-Tech, based in Avezzano, approximately 100km east of Rome.
The business was originally formed as a reclaimer of fire protection gases and has developed into a market leader in refrigerant recovery and reclamation in Italy.
Andrew Ambrose, CEO of A-Gas, commented, “This is an exciting addition to our global business; it marks a further step in our commitment to a lower carbon ‘circular economy’ operational model to deliver our overriding target as the leading global environmental solutions provider managing the full lifecycle of refrigerant.”
Managing Director of A-Gas in Europe John Ormerod said, “Launching A-Gas Italia is a great opportunity for us to expand further afield and to utilise A-Gas’ expertise and proven track record in the wider refrigerants market.”
“We are looking forward to exciting times ahead and working within the newly expanded team to grow our service with existing and new customers in the region.”
Aldo Indovino, CEO of Safety Hi-Tech, said, “From the perspective of Safety Hi-Tech, this sale will allow us to continue to focus on our core business of fire protection.”
“We are pleased that, through the ongoing involvement of A-Gas, who are clearly a global leader in this space, the reclamation business in Avezzano will reach its full potential.”
gasworld travelled to Bristol, UK to visit A-Gas’ Head Office in July 2019 and sit down with Ken Logan, Group Commercial Director, to discuss the company’s evolution, expansion and future.
If you missed that interview, read it again here.