M&A Deal Summary

Rheem Manufacturing Acquires CEM S.A.

On September 30, 2014, Rheem Manufacturing acquired manufacturer CEM S.A.

Acquisition Highlights
  • This is Rheem Manufacturing’s 1st transaction in the Manufacturing sector.
  • This is Rheem Manufacturing’s 1st transaction in Chile.

M&A Deal Summary

Date 2014-09-30
Target CEM S.A.
Sector Manufacturing
Buyer(s) Rheem Manufacturing
Deal Type Add-on Acquisition

Target

CEM S.A.

Santiago, Chile
CEM S.A. manufactures and distributes tankless, solar and tank water heating products. CEM S.A. sells its products under the Splendid brand name throughout South America.

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Buyer(S) 1

Buyer

Rheem Manufacturing

Atlanta, Georgia, United States

Category Company
Founded 1925
Sector Manufacturing
DESCRIPTION
Rheem air conditioner on display at a Home Depot store.
Rheem air conditioner on display at a Home Depot store.

Rheem manufactures a full-line of eco-friendly, technologically advanced residential and commercial heating and cooling systems; tank, tankless, solar and hybrid heat pump water heaters; whole-home standby generators, controls, swimming pool and spa heaters; indoor air-purification products; and commercial boilers throughout North America and world markets. The company’s premium brands, including Rheem, Raypak, Ruud and Richmond have been recognized with countless industry and consumer awards for reliability, innovative design and high quality.


DEAL STATS #
Overall 2 of 6
Sector (Manufacturing) 1 of 5
Type (Add-on Acquisition) 2 of 6
Country (Chile) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-04 Heat Transfer Products Group

Scottsboro, Alabama, United States

Heat Transfer Products Group, LLC engages in design, manufacture and market refrigeration components and equipment used by food retailers and restaurants, sports arenas and warehouses, blood banks and pharmaceutical companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-14 Eemax

Oxford, Connecticut, United States

Eemax, Inc. designs and builds electric tankless water heaters. Eemax?s products, known for their quality and reliability, provide limitless hot water and are considerably more efficient than traditional water heaters.

Buy -