Paloma Rheem Acquires Groupe Atlantic ↗
Paloma Rheem Holdings Co., Ltd. has completed the acquisition of a majority stake in Groupe Atlantic, a French HVAC and water heating company. The deal strengthens PRH's presence in Europe, complementing its North American and Asian operations. Groupe Atlantic, founded in 1968, is a family‑owned business that will now operate under the Paloma, General, Rheem, and Groupe Atlantic group.