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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:
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."
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