Bacharach, a leading provider of HVAC-R gas instrumentation and energy management solutions, has announced the acquisition of Neutronics Inc., a provider of refrigerant and gas analyzers. Neutronics’ technologies serve the automotive and commercial HVAC markets, and provide high-purity oxygen analyzers to the semiconductor industry, and self-contained breathing units to the safety and rescue industry. Financial terms of the private transaction were not disclosed.
The combination of Bacharach and Neutronics will significantly strengthen Bacharach’s ability to provide the worldwide HVAC-R and automotive markets with high-quality fixed and portable gas test and measurement instrumentation, says the company.
“Neutronics is the established leader in refrigerant identifiers for the global automotive and HVAC-R industries and has complimentary NDIR sensor technology in its instruments, which are designed and manufactured in its Exton, Pennsylvania, facility,” said Doug Keeports, CEO of Bacharach. “This acquisition aligns well with Bacharach’s strategic plan and strong focus on growing our market leadership in instrumentation and refrigerant monitoring, as well as compliments Bacharach’s expertise and strengths in the combustion and emissions analysis markets. We are happy to welcome the Neutronics team and look forward to continue growing our combined business.”
Neutronics will continue to carry its existing brand and operate under the leadership of Gary Halpern, president, and David Halpern, chief operating officer, who joined their father Terry Halpern at the company more than 40 years ago. Terry founded the business in 1976 with a focus on the measurement and control of oxygen and other gases for safety, environmental and general industrial applications.
Gary and David Halpern and their executive team bring more than 150 years of combined industry experience to the Bacharach team. Neutronics will operate as a wholly owned subsidiary of Bacharach. Management teams of both businesses will work to leverage their combined strengths, while providing its customers and supplier partners with the same high quality service as always, the two companies say.
