Deal closed Jun 2019 · Coevorden, Netherlands Verified
Rheem acquires boiler/water heater manufacturer Intergas
Rheem, via its group entity Paloma Rheem Global, acquired Netherlands-based residential boiler and water heater manufacturer Intergas, giving Rheem a platform in the European heating and hot water market. This is a manufacturer-level acquisition, not a contractor roll-up.
“Rheem acquired Intergas of Coevorden, the Netherlands, through its group entity, Paloma Rheem Global, Inc.”
Entities
Intergas · Target Paloma Rheem Global, Inc. · Acquirer Rheem · Acquirer
HVAC Sentiment: Positive
Source: www.achrnews.com
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