Rheem acquires Intergas
Intergas joins Rheem’s Global Water Division, expanding its water heating and boiler portfolio for both residential and commercial applications to meet demands in Europe and additional markets worldwide.
On 31st May 2019, Rheem acquired Intergas, through its group entity, Paloma Rheem Global, Inc. Intergas, a leading manufacturer of high-efficiency gas boilers and water heaters for the residential market, is renowned for its state-of-the-art boiler technology. It is the brand leader in the Netherlands for condensing boilers and its market share is growing rapidly in the UK; it also has fast-growing subsidiaries in Canada and the United States via its IBC® brand.
Rheem’s head office is in Atlanta and is the only manufacturer in North America that produces heating, cooling, water heating, pool/spa heating, commercial boilers and commercial refrigeration products. Today it is the brand leader in water heating in America, and its products are available in more than 50 countries; the company’s portfolio of premium water brands includes: Rheem®, Raypak®, Ruud®, Eemax®, EcoSmart®, Richmond®, Splendid®, Solahart® and EverHot™.
With the acquisition of Intergas, Rheem now has a first-class platform in the European heating and hot water market, which is the second largest in the world.
“We are very pleased to welcome Intergas as an important part of our Global Water Division,” said Chris Peel, President and CEO, Paloma Rheem Global, Inc. “The addition of Intergas into the Rheem family of brands increases the breadth of our boiler and water heating offerings, while also providing Rheem with competitive solutions to meet consumer demands in Europe. Both Rheem and Intergas also proudly foster cultures of inclusion, and our organizations have a shared commitment to innovating all-new products that create a meaningful and positive environmental impact.”
Intergas will join Rheem’s Global Water Division and operate as a wholly owned subsidiary of Paloma Rheem Global, Inc. Its headquarters will remain in Coevorden and the Intergas brand name will remain unchanged.
Speaking about the acquisition, Stephen Zouch, Managing Director, Intergas UK, said: “We are delighted to be joining Rheem at this very exciting time for our brand’s development in the UK. Rheem understands our core business and its leadership is committed to long-term growth plans for Intergas. We look forward to accelerating product innovations together with Rheem and expanding into new markets and regions in the future.”
Rich Bendure, President, Global Water Division, added: “The strong synergies in product offerings and complementary cultures make the joining of Rheem and Intergas a truly exciting, and monumental collaboration. Combined, we now offer an extremely compelling and comprehensive water heating and boiler portfolio for both residential and commercial applications.”
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Notes for editors:
About Rheem
Founded in 1925, Rheem innovates all-new ways to deliver just the right temperature while saving energy, water and supporting a more sustainable future. Today, Rheem is America’s #1 water heating brand, and its products are available in more than 50 countries. Paloma Co., Ltd. of Nagoya, Japan, acquired the iconic Rheem brand in 1988, and today the company’s portfolio of premium brands include Rheem®, Raypak®, Ruud®, Eemax®, Richmond®, Splendid®, Solahart® and EverHot™ as well as commercial refrigeration brands Russell®, Witt®, ColdZone® and Kramer®, which are part of the Heat Transfer Products Group (HTPG®) division.
About Intergas
Founded in 1939, Intergas is a Dutch manufacturer of residential, high-efficiency gas boilers, with a 50-year history of making ground-breaking advances. The company’s innovative thinking led to the development of its game-changing two-in-one heat exchanger, the heart of its boiler products. Intergas pioneered this design in 1996, and even today, the feature remains in a class of its own. Intergas is the market leader in the Netherlands with a growing presence throughout Europe. Its products are also available in Canada and the United States via the IBC® brand.
Media information:
Ralf Jansen, Head of Marketing Communications, Intergas
R.Jansen@intergasverwarming.nl, 0031 524 512345
Sharon Morrison, Sharon Morrison Communications
sharon@sharonmorrison.com, 01255 830216 / 07811 439269
