Rinnai America Corporation Acquires Industrias MASS
Acquisition is the first step of company’s plan to expand in Latin American commercial water heating market
PEACHTREE CITY, Ga. — Rinnai America Corporation announced the acquisition of Industrias MASS. This acquisition marks the first by Rinnai America Corporation and follows the launch of its Strategic Business Initiative announced earlier this year, meant to accelerate the company’s presence via acquisitions and partnerships.
“Acquiring Industrias MASS is a critical step in our commitment to the Latin American market,” said Frank Windsor, president of Rinnai America Corporation. “Our goal is to build upon the success of Industrias MASS by further investing in the company, its people, and products as a platform for growth. Through our shared pledge to innovation, as well as a complementary set of products, we’ll fuel growth while also delivering on our brand promise of creating a healthier way of living.”
Rinnai America Corporation has named Victor Molgado as its first Mexico general manager. Molgado has more than 25 years of experience in local, regional, and international manufacturing operations and was most recently the general manager for a large joint venture institution in Mexico.
"I’m excited about the opportunity to accelerate Rinnai’s expansion in Mexico in partnership with Industrias MASS,” Molgado said. “The combination of Industrias MASS’ market dominance and Rinnai’s technology and global market leadership unlock great potential for the Mexican market and is the clear choice to accelerate the company’s growth strategy throughout Latin America.”
“The experienced team at Industrias MASS, as well as the in-facility leadership under Victor’s direction, are critical parts of our strategy to capture the growth opportunities we see in the market,” added Windsor.
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