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On May 31, 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 United Kingdom. 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 a 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.”