- Acquisition will Accelerate Growth and Expansion for European Manufacturer and
- Expand Product Offerings for the Rheem Family of Brands
ATLANTA – JANUARY 12, 2022 – Rheem has acquired DEJONG, a leading, independent manufacturer and supplier of stainless-steel hot water tanks, from Nordian Capital. Founded in 1859 and based in Gorredijk, the Netherlands, DEJONG produces hot water tanks for multiple applications including solar, heat pump and boiler configurations.
“Rheem and DEJONG are aligned on many fronts, including our commitment to sustainability,” said Chris Peel, President and CEO at Rheem. “Together, we will continue to lead through innovation and develop products that reduce dependance on carbon fuel sources while expanding DEJONG’s presence beyond Europe and North America.”
“This partnership provides significant opportunity to support market expansion by pairing hot water storage tanks with sustainable energy sources, creating an integrated system that will appeal to our customers,” said Rich Bendure, President Rheem Global Water. “Together we will develop a category of products that provide value and meet the needs of our end users.”
DEJONG will operate as a stand-alone business unit within Rheem’s Global Water Division. Arno La Haye, Managing Director of DEJONG, will continue in his leadership position.
“Our growth potential requires substantial investments that only a company like Rheem can make,” said La Haye. “Rheem brings us a true industrial partner who knows our business, has a strong market presence and makes strategic decisions based on long-term goals.”
Founded in 1925, Rheem is America’s #1 water-heating brand with products available in more than 80 countries. Paloma Co., Ltd.® of Nagoya, Japan, acquired the iconic Rheem brand in 1988. Today the company’s portfolio of premium brands include Rheem®, Intergas, Friedrich, Raypak®, Ruud®, Eemax®, Richmond®, Splendid®, Solahart® and EverHot™ as well as commercial refrigeration brands Russell®, Witt®, ColdZone® and Kramer®, which are part of the Heat Transfer Products Group (HTPG®) division.