Rheem enters commercial refrigeration market
Acquisition enables company to expand its product line and grow the HTPG brand.
January 13, 2014
Commericial refrigeration equipment manufacturer Heat Transfer Products Group (HTPG) of Scottsboro, AL, has been acquired by Rheem, a privately held manufacturer of heating, cooling, water heating and pool/spa heating products for residential and commercial applications. Rheem plans to reinvigorate the HTPG brand with product development and an expansion of its export markets. Additionallty, Rheen will engage its capability of electronic controls into the development of future HTPG products. “A number of Rheem customers sell heating, cooling, water heating and refrigeration products, and many of them are also HTPG’s customers,” said JR Jones, president and CEO, Rheem. “Aligning Rheem and HTPG will be a strong combination due to the common customers served and both companies having excellent reputation for quality and reliability.”