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Majority stake · Closed Nov 2014

Rheem acquires Chilean water heater manufacturer CEM S.A.

Relationship map

Relationship map for Rheem acquires Chilean water heater manufacturer CEM S.A.parent ofRheem: PlatformRheemCEM S.A.: Operating CompanyCEM S.A.
Operating CompanyPlatform

Parties
Acquirer
Rheem
Platform
Target
CEM S.A.
Operating Company

Market signals

Summary

Rheem completed the acquisition of CEM S.A., a Chilean manufacturer and distributor of tankless, solar, and tank water heaters sold under the Splendid brand, to expand its water heating presence in South America.