January 2019

Noritz Corporation acquires PB Heat LLC


On January 7, 2019, Noritz Corporation (Kobe, Japan) 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 they will 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 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.