# Rheem announces intent to acquire Nortek Global HVAC

Rheem has announced its intent to acquire Nortek Global HVAC (NGH), a manufacturer of air conditioning products, from Madison Industries. NGH is based in O'Fallon, Missouri, with manufacturing in Saltillo, Mexico. The acquisition is subject to regulatory approvals.

- Type: Acquisition
- Announced: 2024-09-04
- Where: O'Fallon, Missouri, USA, United States
- Status: announced
- Products: air conditioning products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Madison Industries](https://endata.com/companies/702.md) (partner)
- [Nortek Global HVAC](https://endata.com/companies/7346.md) (target)
- [Rheem](https://endata.com/companies/9618.md) (acquirer)
- [Heat Transfer Products Group](https://endata.com/companies/80186.md) (target)

## Sources

- [rheem.com](https://www.rheem.com/about/news-releases/rheem-announces-intent-to-acquire-nortek-global-hvac/), 2024-09-04: "Rheem has announced its intent to acquire Nortek Global HVAC (NGH), a leading manufacturer of air conditioning products, from Madison Industries."
- [sealeassociates.com](https://www.sealeassociates.com/experience/transactions/rheem-acquires-htpg), 2024-10-01: "Rheem Manufacturing Company ('Rheem'), a leading designer and high-quality manufacturer of heating, cooling, and water heating solutions, on its acquisition of Heat Transfer Products Group ('HTPG')"

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