Intergas has been acquired by US-based Rheem’s global water division.
Intergas manufactures gas boilers and water heaters for the residential market. The company was acquired by Rheem on 31 May 2019, and will operate as a wholly owned subsidiary of Paloma Rheem Global. The Intergas brand name will remain unchanged.
Rheem produces heating, cooling, water heating, pool/spa heating, commercial boilers and commercial refrigeration products. Its products are available in more than 50 countries, through brands including Rheem, Raypak, Ruud, Eemax, EcoSmart, Richmond, Splendid, Solahart and EverHot.
Chris Peel, president and CEO of Paloma Rheem Global, said: “We are very pleased to welcome Intergas as an important part of our global water division. 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 organisations have a shared commitment to innovating all-new products that create a meaningful and positive environmental impact.”
Stephen Zouch, managing director of 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.”
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