RHEEM® ACQUIRES NORTEK GLOBAL HVAC

ATLANTA - Oct. 7, 2024 - Rheem today announced the completed acquisition of Nortek Global HVAC (NGH) from Madison Industries. NGH, founded in 1919, is a leading manufacturer of heating and cooling products serving the residential and manufactured housing markets. With this acquisition, NGH is now part of Rheem's Global Air Division.

"Like Rheem, NGH has a people-first culture, a true commitment to its customers, and a long history of delivering market leading innovations," said Mike Branson, President, Global Air at Rheem. "We're confident that NGH will make a significant contribution to our expanding Air and Water businesses."

Headquartered in O'Fallon, Missouri, NGH also operates a manufacturing facility in Saltillo, Mexico, and a distribution center in Poplar Bluff, Missouri.

About Rheem

Founded in 1925, Rheem Manufacturing is a global leader committed to delivering innovative products that save energy and support a more sustainable future. Rheem is the only manufacturer in the world that produces heating, cooling, water heating, pool & spa heating and commercial refrigeration products, and is America's #1 water-heating brand with products available in more than 80 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®, Ruud®, Friedrich®, Raypak®, Sure Comfort®, WeatherKing®, Eemax®, Richmond®, IBC™, Intergas®, Splendid®, Solahart®, EverHot®, and MHG™, as well as commercial refrigeration brands Russell®, Witt®, ColdZone® and Kramer®, which are part of the Heat Transfer Products Group (HTPG®) division.

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