Nov. 3, 2014: Rheem Acquires Chilean Water Heater Manufacturer CEM
Acquisition Increases Rheem’s Water Heating Offerings in South America
ATLANTA — Rheem announced that it has acquired CEM S.A., a Chilean company that manufactures and distributes tankless, solar, and tank water heating products. CEM sells its products under the Splendid brand name throughout South America.
Rheem said the addition of Splendid provides it with several competitive solutions to meet consumer demands in South America. Splendid’s primary market is Chile, but its products are also sold in Columbia, Peru, and Brazil, as well as certain export markets such as Mexico and Spain. Splendid products are sold at stores including Sodimac, Easy S.A., MTS, Construmart, and more, as well as through distribution.