Noritz Corporation Acquires PB Heat, LLC | 2019-01-09

Author: Evelyn

May. 13, 2024

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Noritz Corporation Acquires PB Heat, LLC | 2019-01-09

Pictured: Noritz America Corporation President and COO Jay Hassel

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

No changes are planned for either PB Heat, LLC, or Noritz America Corporation (Fountain Valley, California). Both companies are owned by Noritz Corporation, and they will operate separately and independently as subsidiaries of Noritz Corporation. PB Heat, LLC, will continue to be led by President and CEO Doug Shuff and his experienced management team, including Executive VP Pete Morgan, VP of Engineering Gary Hainley, Controller Dave Fuller, VP of Operations Barry Walsh, and VP of Marketing and Mid-Atlantic Sales Mike McDonnell.

Additionally, the Peerless brand will continue to be marketed and sold independently of Noritz’s branded products.

In a joint letter to customers and partners, Shuff and Noritz America Corporation President and COO Jay Hassel stated the following:

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RE TECH are exported all over the world and different industries with quality first. Our belief is to provide our customers with more and better high value-added products. Let's create a better future together.

"Customers of PB Heat, LLC and the Peerless Brand will continue to be served by the same local sales representatives. You will continue to be supported in all the ways you have become accustomed to, as faithfully and energetically as ever. 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. Thank you for your business and continued support."

 

PB Heat: Value that starts with a top-quality Peerless® boiler

"The Peerless® Boiler brand has become synonymous with the highest quality products, support services and programs in the Hydronics Industry. Our talented and dedicated staff and manufacturer’s rep network have one thing in mind - satisfying the customer! Along with our PB Heat, LLC Management Team – with over 150 years combined industry experience - it's an unbeatable combination. For those of you who have been our business partners and experienced our unmatched products and services, THANK YOU!! If you have yet to specify or purchase our products, we look forward to the opportunity to serve you and welcome you to the family!"

Peter J. Morgan

Executive Vice President/GM
PB Heat, LLC

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