# Rheem announces intent to acquire Friedrich Air Conditioning

Rheem announced its intent to acquire Friedrich Air Conditioning, a manufacturer of premium air conditioning products, from Monomoy Capital Partners. Friedrich is based in San Antonio with manufacturing in Monterrey, Mexico.

- Type: Acquisition
- Announced: 2021-07-22
- Where: San Antonio, Texas, United States
- Status: announced
- Products: room air conditioning, dehumidification, air purification products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Monomoy Capital Partners](https://endata.com/companies/6266.md) (investor)
- [Monomoy Capital Partners](https://endata.com/companies/6266.md) (partner)
- [Rheem](https://endata.com/companies/9618.md) (acquirer)
- [Friedrich Air Conditioning](https://endata.com/companies/56624.md) (target)

## Sources

- [rheem.com](https://www.rheem.com/about/news-releases/rheem-announces-intent-to-acquire-friedrich-air-conditioning/), 2021-07-22: "Friedrich will bring a unique air conditioning product portfolio along with specialized products to the Rheem family of brands."
- [rheem.com](https://www.rheem.com/about/news-releases/rheem-acquires-friedrich-air-conditioning/), 2021-08-30: "Growth by acquisition is part of our ongoing strategy."
- [coolingpost.com](https://www.coolingpost.com/world-news/rheem-completes-friedrich-purchase/), 2021-08-31: "Rheem has previously stated that Friedrich will continue as a stand-alone business within its Global Air Division, with the same leadership team and operations."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.