Rheem Announces Intent to Acquire Nortek Global HVAC

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 of 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.