ATLANTA – September 4, 2024 – Rheem has announced its intent to acquire Nortek Global HVAC (NGH), a leading manufacturer of air conditioning products, from Madison Industries. NGH is based in O’Fallon, Missouri with manufacturing in Saltillo, Mexico, and a distribution center in Poplar Bluff, Missouri.

“Nortek Global HVAC has a history of delivering market leading innovations going back over 100 years. Like Rheem, NGH has a collaborative culture with an unwavering commitment to the customer,” said Mike Branson, President Global Air at Rheem. “NGH has a remarkable team that brings unique products, operational capabilities, and market channels to complement Rheem’s expanding Air and Water businesses.”

Upon the close of the acquisition—which is subject to customary closing conditions, including regulatory approvals—NGH will join Rheem’s Global Air division.

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.

CONTACT: 

Maureen Brennan

773-657-9452