Rheem grows operations by acquiring DEJONG in January 2022
In January 2022, Rheem Manufacturing released an announcement that the company is set to purchase the hot water tank producer DEJONG from Nordian Capital. The company cited this acquisition is set to help the company grow its sustainable energy operations, as the company cited that this acquisition helps expand DEJONG's presence in North America and in Europe.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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