Paloma Rheem Holdings completes acquisition of majority stake in Groupe Atlantic

Paloma Rheem Holdings (a Japan/US air-and-water group formed from Paloma and Rheem) completed its acquisition of a majority stake in French HVAC equipment maker Groupe Atlantic, which becomes its fourth subsidiary. Some family shareholders retain minority stakes.

“Paloma Rheem Holdings (PRH) has completed its acquisition of a majority stake in Groupe Atlantic, the French HVAC equipment manufacturer.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.