Hudson Technologies Announces Accretive Acquisition of Refrigerants Inc.
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
News Market Reaction 1 Alert
On the day this news was published, HDSN declined 0.54%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers show mixed moves: KOP +0.53%, MATV +1.67%, LWLG 0%, OEC -0.38%, KRO -2.71%. No clear sector-wide trend to explain HDSN’s move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 09 | Program award | Positive | -3.7% | Selected for CARB REFRESH pilot with up to $5M recovery incentives. |
| Dec 01 | Buyback increase | Positive | +6.8% | Board raised 2025–2026 share repurchase authorization to $20M each year. |
| Nov 13 | CEO appointment | Neutral | -1.0% | Kenneth Gaglione named Chairman, President and CEO effective Nov 24, 2025. |
| Nov 05 | Q3 earnings | Positive | +1.6% | Q3 2025 revenue and net income grew with 32% gross margin and $12.4M NI. |
| Nov 03 | CEO departure | Negative | -0.2% | Chairman and CEO Brian Coleman stepped down; interim leadership announced. |
Recent news often saw modest price responses, with some sell-the-news reactions on otherwise positive operational updates.
Over the last few months, Hudson reported stronger fundamentals, including Q3 2025 revenue of $74.0M and improved margins, alongside leadership transitions and capital returns via expanded buybacks up to $20M per year in 2025–2026. Operational wins include a new DLA contract and selection for California’s REFRESH pilot with up to $5M in incentives. Today’s accretive acquisition of Refrigerants Inc. fits the stated strategy of organic growth supported by targeted inorganic expansion in reclamation and recovery.
Regulatory & Risk Context
An effective S-3 shelf filed on 2025-12-16 allows Hudson to issue up to $100,000,000 in various securities over time for general corporate purposes, including capital expenditures and acquisitions. While no usage is listed yet, the filing highlights that future issuances or resales could pressure the share price or dilute existing holders.
Market Pulse Summary
This announcement details Hudson’s purchase of Refrigerants Inc. for an initial $2.5 million, expanding its EPA‑certified recovery and reclamation footprint in key markets. The deal is described as accretive yet immaterial to financial results, reinforcing a bolt‑on strategy around recovered refrigerant volumes tied to AIM Act HFC phase‑downs. In context of recent earnings strength and a new $100,000,000 shelf, investors may watch how this and similar acquisitions scale reclaimed volume and contractor relationships over time.
Key Terms
EPA- certified reclaimer regulatory
AIM Act regulatory
HFC refrigerants technical
AI-generated analysis. 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 |
FAQ
What did Hudson Technologies (HDSN) acquire on December 17, 2025?
How will the Refrigerants Inc. acquisition affect HDSN's geographic reach?
Does the Refrigerants Inc. purchase materially affect HDSN financial results?
Why is recovered refrigerant volume important for HDSN after this acquisition?
What is the effective purchase price and are there adjustments for the HDSN deal?
