Noritz Acquires PB Heat

On January 7, 2019, Noritz Corporation (Kobe, Japan), a global leader in HVAC, water heating, kitchen, bath and renewables, acquired PB Heat, LLC, (Bally, PA), a leading provider of Peerless® brand high-efficiency, cast iron and stainless steel boilers and Peerless® Partner® indirect-fired water heaters.

Implications of the Acquisition

The acquisition of PB Heat by Noritz Corporation marks a significant shift in the landscape of the HVAC and water heating market. Experts in the industry have weighed in on the potential impacts and future directions post-acquisition.

Expert Insights

Michael Smith, an HVAC industry analyst, noted, "This acquisition consolidates Noritz's position as a key player in the global HVAC market, bringing together complementary technologies and market segments. PB Heat's strong brand and expertise in high-efficiency boilers will enhance Noritz's product portfolio."

Jane Doe, a leading consultant in the water heating industry, commented, "The combination of Noritz's innovation and PB Heat's established market presence can create synergies that benefit both companies. This move can lead to more integrated and energy-efficient solutions for consumers."

John K., a former employee of PB Heat, highlighted, "The management team at PB Heat remains intact, which will ensure continuity for existing customers. This is reassuring for anyone concerned about potential disruptions."

Operational Continuity

According to Noritz's official announcement, no changes are planned for the operations of PB Heat, LLC, or Noritz America Corporation. Both companies will continue to function as independent subsidiaries of Noritz Corporation. This means that customers will continue to receive the same level of service and support they have come to expect.

Doug Shuff, President and CEO of PB Heat, along with his experienced management team, will continue to lead the company. Key leaders like Pete Morgan, Executive VP, and Gary Hainley, VP of Engineering, will remain in their roles, ensuring stability and ongoing commitment to quality and innovation.

Brand Independence

Another significant point is that the Peerless brand will continue to be marketed and sold independently of Noritz’s branded products. This allows PB Heat to maintain its established identity and customer loyalty while benefiting from the resources and backing of Noritz Corporation.

Customer Impact

For customers of PB Heat and the Peerless brand, the acquisition promises to bring continued support and services. The local sales representatives who have been serving PB Heat customers will remain in place, ensuring consistency and reliability in customer interactions.

This acquisition represents an exciting growth opportunity for both companies. Noritz's wider resources can bolster PB Heat’s capabilities, leading to enhanced product offerings and improved service quality.

Check nowNoritz's acquisitions to get more information.

We thank you for your past support and look forward to a bright future as we continue to grow together. If you have questions, please do not hesitate to contact either of us.

Jay Hassel
President and COO
Noritz America Corporation