Hudson Technologies Announces Accretive Acquisition of Refrigerants Inc.
Hudson Technologies (NASDAQ: HDSN) announced the acquisition of Denver-based Refrigerants Inc. for an initial purchase price of $2.5 million, subject to customary post-closing adjustments.
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Rhea-AI Summary
Hudson Technologies (NASDAQ: HDSN) announced the acquisition of Denver-based Refrigerants Inc. for an initial purchase price of $2.5 million, subject to customary post-closing adjustments. Refrigerants Inc. is an EPA-certified reclaimer and distributor offering refrigerant buyback, sales, cylinder exchange, onsite recovery and reclamation.
The acquisition expands Hudson’s geographic footprint and access to contractor customers and field technicians, intended to grow recovered refrigerant volume amid the AIM Act phase-down of virgin HFCs, with a notable supply reduction scheduled for 2029. The company characterized the deal as immaterial to financial results.
Positive
- $2.5 million initial purchase price
- Expands geographic footprint into Denver, Colorado
- Adds longstanding contractor customer base
- Increases access to field technicians and recovered refrigerant
Negative
- Initial purchase price subject to post-closing adjustments
- Company described the acquisition as immaterial to financial results
Details
News Market Reaction – HDSN
On Dec 18, the first trading day after this news, HDSN closed 0.54% below the previous close.
Data tracked by StockTitan Argus for the Dec 18 session.
Key Figures
- Acquisition price
- $2.5 million
- Initial purchase price for Refrigerants Inc., subject to adjustments
- Shelf capacity
- $100,000,000
- S-3 shelf registration filed 2025-12-16
- Q3 2025 revenue
- $74.0M
- Reported in Q3 2025 results
- Q3 2025 net income
- $12.4M
- Q3 2025, up 59% year-over-year
- Gross margin
- 32.0%
- Q3 2025 gross margin
- Cash balance
- $89.7M
- Cash and equivalents at 09/30/2025
- REFRESH funding pool
- up to $5 million
- CARB REFRESH pilot incentives for refrigerant buyback and program costs
- DLA contract value
- $210M
- Five‑year base award, post‑Q3 2025
Historical Context
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Selected for CARB REFRESH pilot with up to $5M recovery incentives.
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Board raised 2025–2026 share repurchase authorization to $20M each year.
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Kenneth Gaglione named Chairman, President and CEO effective Nov 24, 2025.
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Q3 2025 revenue and net income grew with 32% gross margin and $12.4M NI.
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Chairman and CEO Brian Coleman stepped down; interim leadership announced.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
EPA- certified reclaimer regulatory
AIM Act regulatory
HFC refrigerants technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
- EPA-Certified reclaimer and refrigerant distributor expands recovery network and geographic footprint
WOODCLIFF LAKE, N.J., Dec. 17, 2025 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning and Refrigeration Industry – and one of the nation’s largest refrigerant reclaimers - has announced the acquisition of Refrigerants Inc., an EPA- certified reclaimer and refrigerant distributor based in Denver, Colorado. The initial purchase price of
With more than two decades in the industry, Refrigerants Inc. offers a full range of refrigerant lifecycle management services including refrigerant buyback, sales and distribution, cylinder exchange, onsite recovery, and reclamation, among others.
Kenneth Gaglione, President and Chief Executive Officer of Hudson Technologies commented, “Our acquisition of Refrigerants Inc. is consistent with previous accretive acquisitions that have delivered organic growth in our core refrigerants reclamation business by expanding access to repeatable sources of recovered refrigerant. The Refrigerants Inc. acquisition is immaterial to our financial results but expands our reach in key markets for both refrigerant sales and the aftermarket supply chain of recovered refrigerant that is essential to the practices of reclamation and responsible refrigerant management.
“The AIM Act’s continued phase-down of the supply of virgin HFC refrigerants, with a significant reduction scheduled for 2029, makes the aftermarket supply chain of HFC refrigerants even more critical. Refrigerants Inc. has been a valued partner of Hudson’s for many years and brings in a large and longstanding customer base of contractors which will allow us to expand our access to field technicians who are recovering and returning aftermarket refrigerant and to grow our recovered refrigerant volume. This is consistent with our long-term view and capital allocation strategy.
“We’re excited to welcome the talented Refrigerants Inc. team to Hudson and look forward to leveraging their expertise to drive growth and expand our leadership position in the reclamation industry.”
About Hudson Technologies
Hudson Technologies, Inc. is a leading provider of innovative and sustainable refrigerant products and services to the Heating Ventilation Air Conditioning and Refrigeration industry. For nearly three decades, we have demonstrated our commitment to our customers and the environment by becoming one of the first in the United States and largest refrigerant reclaimers through multimillion dollar investments in the plants and advanced separation technology required to recover a wide variety of refrigerants and restoring them to Air-Conditioning, Heating, and Refrigeration Institute standard for reuse as certified EMERALD Refrigerants™. The Company's products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide® Services performed at a customer's site, consisting of system decontamination to remove moisture, oils and other contaminants. The Company’s SmartEnergy OPS® service is a web-based real time continuous monitoring service applicable to a facility’s refrigeration systems and other energy systems. The Company’s Chiller Chemistry® and Chill Smart® services are also predictive and diagnostic service offerings. As a component of the Company’s products and services, the Company also generates carbon offset projects.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements contained herein which are not historical facts constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changes in the laws and regulations affecting the industry, changes in the demand and price for refrigerants (including unfavorable market conditions adversely affecting the demand for, and the price of, refrigerants), the Company's ability to source refrigerants, regulatory and economic factors, seasonality, competition, litigation, the nature of supplier or customer arrangements that become available to the Company in the future, adverse weather conditions, possible technological obsolescence of existing products and services, possible reduction in the carrying value of long-lived assets, estimates of the useful life of its assets, potential environmental liability, customer concentration, the ability to obtain financing, the ability to meet financial covenants under existing credit facilities, any delays or interruptions in bringing products and services to market, the timely availability of any requisite permits and authorizations from governmental entities and third parties as well as factors relating to doing business outside the United States, including changes in the laws, regulations, policies, and political, financial and economic conditions, including inflation, interest and currency exchange rates, of countries in which the Company may seek to conduct business, the Company’s ability to successfully integrate any assets it acquires from third parties into its operations, and other risks detailed in the Company's 10-K for the year ended December 31, 2024 and other subsequent filings with the Securities and Exchange Commission. The words "believe", "expect", "anticipate", "may", "plan", "should" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.
| Investor Relations Contact: John Nesbett/Jennifer Belodeau IMS Investor Relations (203) 972-9200 hudson@imsinvestorrelations.com | Company Contact: Brian Bertaux, CFO Hudson Technologies, Inc. (845) 735-6000 bbertaux@hudsontech.com |
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