Add-on acquisition Jun 2019 · Netherlands / Burnaby, B.C. Verified
Rheem acquires Intergas (Dutch boilers) and IBC Technologies
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.
“Rheem Manufacturing](https://www.rheem.com/), Atlanta, Georgia has acquired Dutch boiler and water heater manufacturer Intergas, a manufacturer of high-efficiency, residential gas boilers and water heaters. Based in Coevorden, the Netherlands, [Intergas](https://www.intergasheating.co.uk/) owns [IBC Technologies Inc.](http://www.ibcboiler.com/), manufacturer of IBC Boilers, headquartered in Burnaby, B.C. Intergas will join Rheem’s Global Water Division and operate as a wholly owned subsidiary of [Paloma Rheem Global, Inc.](http://www.palomaglobal.com/global/index.html)”
Entities
IBC Technologies Inc. · Subsidiary Intergas · Target Paloma Rheem Global, Inc. · Parent Rheem Manufacturing · Acquirer
HVACPlumbing
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.