Spanish company, Gases Research Innovation & Technology (GRIT) has acquired an interest in American company Summit Refrigerants.
Summit Refrigerants offers a full line of refrigerants and is a US EPA-certified refrigerant reclaimer, providing recovery cylinder maintenance for contractors and wholesale distributors, and rents/sells large recovery cylinders. Summit is currently the packager for RS refrigerants in the US.
The company was founded in 2008 by Steve Trevino and Jeff Carver, who will continue in their current management roles. With headquarters in Houston, Texas, Summit also operates from facilities in Dallas and Baton Rouge.
Financial details of the joint venture were not disclosed but it will allow the entrance of GRIT’s technical expertise into the American market.
Immediate plans include significant enhancements to Summit’s current facilities in Houston, allowing it to provide additional services as the US continues its move towards more environmentally sustainable policies.
With this collaboration, GRIT expects exponential growth in the United States.
The joint business plan is designed to more than double Summit’s 2020 volume in the short term, GRIT said in a statement.
GRIT CEO, Jose Luis Müller, said the two companies are planning a big future in the US refrigerants market.
With headquarters in Barcelona, GRIT was established in 2001 by Ramón Terrado, a chemical engineer.