Rinnai New Zealand, a subsidiary of Rinnai Corporation, the world’s most innovative heating appliance manufacturer, has purchased a 50 percent stake in Central Heating New Zealand Ltd.
The new partnership will support Central Heating New Zealand to foster growth within the warm-water central heating market.
“We are excited about building a long-term partnership with Rinnai. We are confident that working together will help us strengthen both brands and reinforce our presence in the New Zealand market.” said Lyall Smith, Director at Central Heating New Zealand. “It was clear from our initial discussion that we share similar values, culture and synergies. Focussing on the synergies will allow Central Heating New Zealand to provide a better service to customers in the North and South islands.
Ray Ferner, Managing Director of Rinnai New Zealand added: “We are thrilled to partner with Central Heating New Zealand to help grow our country’s most successful warm-water central heating brand. Central Heating New Zealand has real-world product expertise and unparalleled engineering resources that clearly position them as the market leader for product and knowledge.”
Central Heating New Zealand regretfully inform that Lewis Smith, founding partner, is stepping down from his directorship and company duties, due to his health. The team at Central Heating New Zealand want to acknowledge his huge contribution to the company and the warm-water central heating industry.