Hudson Technologies Announces Accretive Acquisition of Refrigerants Inc.

• 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 $2.5 million is subject to customary post-closing adjustments.

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.

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