Acquisition extends a long-term strategy for market growth and channel expansion.
Atlanta—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.