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Add-on acquisition · Closed Jun 2019

Rheem acquires Intergas (Dutch boilers) and IBC Technologies

Relationship map

Relationship map for Rheem acquires Intergas (Dutch boilers) and IBC Technologiesparent ofPaloma Rheem Holdings: PlatformPRPaloma Rheem HoldingsIBC Technologies Inc.: Operating CompanyITIBC Technologies Inc.
Operating CompanyPlatform

Parties

Acquirer
Paloma Rheem Holdings
Platform
Target
IBC Technologies Inc.
Operating Company

Market signals

Summary

Rheem Manufacturing acquired Dutch boiler/water heater maker Intergas, which owns IBC Technologies of Burnaby, B.C. Intergas joins Rheem's Global Water Division as a wholly owned subsidiary of Paloma Rheem Global.

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