Consolidation trend Oct 2021
Rheem executive frames acquisition as core growth strategy amid industry consolidation
Rheem's president of Global Air describes growth-by-acquisition as a successful, ongoing strategy when asked about expected industry consolidation, signaling continued manufacturer M&A appetite. (When asked directly, he declined to speculate on competitors' M&A.)
“Growth through acquisition has been a successful approach at Rheem, especially when we bring companies with outstanding cultures and unique product offerings into the Rheem family.”
Entities
Rheem · Acquirer
HVAC
Source: www.achrnews.com
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.