The Chemours Company announced its acquisition of ICOR International, a privately-owned supplier of branded, ozone-safe refrigerants and related products for HVACR applications in North America. Terms of the deal were not disclosed.
“ICOR has developed an excellent reputation with contractors and equipment owners, has strong brands, and an extensive distributor network, all of which will be a valuable addition to Chemours and enhances our ability to meet our customer needs in North America,” said Diego Boeri, vice president of the Chemours fluorochemicals business.
“Chemours is establishing itself as a new kind of chemistry company and we are excited to join them on this journey,” said Gordon McKinney, vice president of sales and COO of ICOR International. “This acquisition clearly indicates the strategic long-term value that Chemours sees in our strong brands and customer-centric approach to the market.”