Acquiring Company
Paloma Rheem Holdings
Acquired Company
Groupe Atlantic
Japan
FranceManufacturingWaterManufacturingWaterWater PurificationDescription
Paloma Rheem Holdings has completed its acquisition of a majority stake in Groupe Atlantic, enhancing its presence in the European HVAC market. Groupe Atlantic will continue to operate independently within PRH, maintaining its current management team and headquarters in France. The acquisition strengthens PRH's capabilities in the air conditioning and water heating sectors.
Quick answer
Paloma Rheem Holdings is acquiring Groupe Atlantic, announced May 25, 2026. Paloma Rheem Holdings is based in Japan.
- How much did Paloma Rheem Holdings pay for Groupe Atlantic?
- The deal value was not disclosed.
- What does Paloma Rheem Holdings do?
- Paloma Rheem Holdings is a global leader in air and water solutions, formed by the union of Japan’s Paloma Co Ltd and the US-based Rheem Manufacturing.
- Where are Paloma Rheem Holdings and Groupe Atlantic based?
- Paloma Rheem Holdings is based in Japan. Groupe Atlantic is based in France.
Source: Fundz verified event record.
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Who to call at Paloma Rheem Holdings, and when
When Paloma Rheem Holdings changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Groupe Atlantic?
Groupe Atlantic was acquired by Paloma Rheem Holdings, based in Japan. The deal was reported on May 25, 2026. Paloma Rheem Holdings is a global leader in air and water solutions, formed by the union of Japan’s Paloma Co Ltd and the US-based Rheem Manufacturing. Paloma Rheem Holdings is privately held and operates in Manufacturing.
When did Paloma Rheem Holdings acquire Groupe Atlantic?
Paloma Rheem Holdings's acquisition of Groupe Atlantic was reported on May 25, 2026. Paloma Rheem Holdings has completed its acquisition of a majority stake in Groupe Atlantic, enhancing its presence in the European HVAC market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Groupe Atlantic do?
Founded in 1968, Groupe Atlantic is a family-owned company and a leader in HVAC and water heating products, with a strong presence in France and the UK. It employs more than 12,000 people and offers over 15 brands across four continents. It is privately held, operating in Manufacturing, and is based in France.
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