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Noritz Acquires PB Heat, Owner of Peerless Brand

No immediate changes are planned for either company.

On January 7 the 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.

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

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

Customers of PB Heat, LLC and the Peerless Brand will continue to be served by the same local sales representatives.

In a letter announcing the acquisition, Jay Hassel, President and COO of Noritz and Doug Shuff thanked their customers for their support, saying they "look forward to a bright future as we continue to grow together."

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