Rheem-Friedrich acquisition subject to regulatory approval

The Rheem acquisition of Friedrich Air Conditioning is subject to additional regulatory approval before close.

“Upon the close of the acquisition — which is subject to additional regulatory approval — Friedrich will be a standalone business unit within the Rheem Global Air business.”

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.