RectorSeal Acquires Novent
Originally published: 04.30.13 by HVACR Business Staff
Houston — RectorSeal has acquired the total assets of Novent Cap LLC, Yorba Linda, Calif., according to a company statement.
The March 15, 2012 acquisition, plus the recent development of its own GasGuard™ locking cap brand, now positions RectorSeal as the market-share leading manufacturer for locking caps, the company says.
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 equipment Schraeder valves according to the company.
The United Parents to Restrict Open Access to Refrigerants (UPROAR) (www.uproarorg.org), a lobbying group of parents who have lost children to huffing, recommends Novent locking caps on its website. Locking caps also have an environmental impact as their O-ring seals minimize refrigerant losses due to leaking Schraeder valves.
Locking caps are currently required for new air conditioning installations by the International Mechanical Code (IMC) and the International Residential Code (IRC), however sales are expected to escalate in 2015 once a proposed IMC and IRC code mandate is passed to install locking caps on any existing system that's opened during service.
Novent locking caps can be unlocked only with a unique key available to licensed air-conditioning and refrigeration
"Wholesalers and contractors now have the flexibility of an easy to install and tamper-resistant keyed or keyless locking cap, both marketed by a 75-year-old company with a reputation of standing behind the products it sells," said Larry Kaiser, vice president, RectorSeal.
RectorSeal was previously marketing Novent, as a result of its 2011 acquisition of Fall River, Mass.-based manufacturer/importer Airtec Products Corp., whose assets included the locking cap manufacturer's U.S. distribution rights. Consequently, RectorSeal will continue marketing Novent through the same established network of manufacturer’s representatives and wholesalers.
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