Rheem acquires Dutch, B.C. boiler makers

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Rheem Manufacturing, Atlanta, Georgia has acquired Dutch boiler and water heater manufacturer Intergas, a manufacturer of high-efficiency, residential gas boilers and water heaters. Based in Coevorden, the Netherlands, Intergas owns IBC Technologies Inc., manufacturer of IBC Boilers, headquartered in Burnaby, B.C. Intergas will join Rheem’s Global Water Division and operate as a wholly owned subsidiary of Paloma Rheem Global, Inc.

Intergas leads the Dutch market for gas-fired condensing boilers and has fast-growing subsidiaries in the United Kingdom, Canada and the United States via the IBC brand. Rheem manufacturers heating, cooling, water heating, pool/spa heating, commercial boilers and commercial refrigeration products.

“We are very pleased to welcome Intergas as an important part of our Global Water Division,” said Chris Peel, president and CEO of 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.”

Intergas’ headquarters will remain to be in Coevorden. “We are very excited to join the Rheem family of brands. 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,” said Intergas CEO Janno de Haas.

 

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