Rheem cites growth by acquisition as ongoing strategy

Rheem's president and CEO frames the Friedrich deal as part of an ongoing growth-by-acquisition strategy expanding its AC offerings into hospitality and multi-family segments.

““Growth by acquisition is part of our ongoing strategy,” said **Chris Peel**, president and CEO of Rheem.”

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.