The shipment data reflect a market still adapting to challenges presented by the transition to A2L-compatible equipment, a shortage of aftermarket R-454B for use by contractors, and uncertainty about the Trump administration's tariff policy.
Teams across continents marked Rheem’s centennial with events that reflected the company’s core values of innovation, collaboration and the pursuit of excellence, the company said in a press release.
“This acquisition reflects our commitment to growing both organically and through the addition of like-minded, innovative companies,” said Chris Karssiens, president of Hoshizaki USA Holdings.
“With the largest acquisition in our company history, we are accelerating our growth, expanding our global footprint, and balancing our business by strengthening our energy and building technology," said Stefan Hartung, chairman of the Bosch board of management.
