Rheem Manufacturing Co.’s $213 Million Acquisition of Saltillo’s Water Heating Products


Creel, García-Cuéllar, Aiza y Enríquez, Troutman Sanders LLP and Santamarina y Steta have advised on the transaction

Rheem Manufacturing Company Inc. manufactures heating, cooling, water heating, pool/spa heating, and commercial refrigeration products for customers in North America and internationally. The company, led by J. R. Jones, Chris Peel, Simon Parfitt, Tim Shellenberger and Chris Kapsimalis, is based in Atlanta.

Grupo Industrial Saltillo SA de CV holds interests in companies in the automotive, building materials, and home products industries. The company, led by Juan Carlos Lopez Villareal, Jose Manuel Arana Escobar, Jorge Mario Guzman Guzman, Paolo Bartolan and Jorge Alberto Rada Garza, is based in Mexico.

Creel, García-Cuéllar, Aiza y Enríquez has advised Rheem Manufacturing Co. with Eduardo González (Picture), Mauricio Serralde, Begoña Cancino, Omar Zúñiga, Esteban Valadez, Javier Gómez Morín, Edith López, Julio Álvarez and Eduardo Espinoza.

Santamarina y Steta has advised Grupo Industrial Saltillo, S.A.B. de C.V. with Jorge Barrero Stahl, Carlos Argüelles González and Bárbara Asiain.

Involved fees earner: Jorge Barrero S. – Santamarina y Steta; Carlos Argüelles – Santamarina y Steta; Eduardo González – Creel, García-Cuéllar, Aiza y Enriquez SC; Esteban Valadez – Creel, García-Cuéllar, Aiza y Enriquez SC; Javier Gómez Morin Cuevas – Creel, García-Cuéllar, Aiza y Enriquez SC; Eduardo Espinoza – Creel, García-Cuéllar, Aiza y Enriquez SC; Begoña Cancino G. – Creel, García-Cuéllar, Aiza y Enriquez SC; Edith López – Creel, García-Cuéllar, Aiza y Enriquez SC; Omar Zúñiga Arroyo – Creel, García-Cuéllar, Aiza y Enriquez SC; Mauricio Serralde – Creel, García-Cuéllar, Aiza y Enriquez SC; Julio Álvarez Ortega – Creel, García-Cuéllar, Aiza y Enriquez SC;

Law Firms: Santamarina y Steta; Creel, García-Cuéllar, Aiza y Enriquez SC;

Clients: Grupo Industrial Saltillo SA de CV ; Rheem Manufacturing Company Inc. ;

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Author: Ambrogio Visconti.