Bacharach Inc. has announced the acquisition of Neutronics Inc., a provider of refrigerant and gas analyzers. Its technologies serve the automotive and commercial HVAC markets, and provide oxygen analyzers to the semi-conductor 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 strengthen the ability of Bacharach to provide the worldwide HVAC-R and automotive markets with fixed and portable gas test and measurement instrumentation.
“Neutronics is established 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, Penn., facility,” says Doug Keeports, CEO of Bacharach. “This acquisition aligns with the strategic plan of Bacharach and its focus on growing our market leadership in instrumentation and refrigerant monitoring, as well as compliments the expertise and strengths of Bacharach 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, COO, who joined their father Terry Halpern at the company over 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, David and their executive team bring over 150 years of 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 quality service.