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Hudson Technologies Acquires Polar Technologies Reclamation Business

 

PEARL RIVER, N.Y. — Hudson Technologies, Inc. has acquired the reclamation business and assets of Polar Technologies, a full service refrigeration reclaimer. Polar serves several hundred wholesale customers from three reclamation facilities located in Nashville, Tenn., Ontario and Puerto Rico. The acquisition was an all cash transaction. Terms of the transaction were not disclosed.

“This accretive acquisition is an important milestone for Hudson, significantly expanding our customer base, geographic presence and reclamation capacity,” said Kevin Zugibe, chairman and CEO of Hudson Technologies. “We believe Polar is the fourth largest reclaimer in the industry, historically reclaiming approximately 8 percent or more of the total reclaim market and they have been a respected competitor for many years.”

For additional information, visit www.hudsontech.com.