Japanese tankless water heater maker Noritz Corp. acquired PB Heat, a manufacturer of high-efficiency, cast iron and stainless steel boilers and indirect-fired water heaters. PB Heat is based in Bally, Pennsylvania.
Noritz executives wrote in a letter to customers that no changes are planned for either PB Heat or Noritz America Corporation. Both companies are owned by Noritz Corporation, and they will operate separately and independently as subsidiaries.