Rinnai Corporation has acquired MT Industrial S.A.C in Peru to enhance its market presence and expand its product distribution in the Latin American region.

Target Information

Rinnai Corporation, a leading manufacturer of gas appliances, recently acquired MT Industrial S.A.C, a prominent distributor of home installation equipment based in Peru. MT Industrial has established a strong market presence in the sale of kitchen appliances, water heating systems, and water purifiers, boasting sales revenue of approximately 9.8 billion yen for the fiscal year 2024. This acquisition plays a crucial role in Rinnai’s strategy to enhance its business operations in the Latin American market.

The acquisition of MT Industrial will facilitate Rinnai's efforts to leverage the existing distribution network of MT Industrial, targeting the expansion of its own product offerings throughout Peru. By integrating MT Industrial's well-established market positions, Rinnai aims to capitalize on growth opportunities in this burgeoning market segment.

Industry Overview

The home installation equipment industry in Peru has witnessed significant growth, fueled by an increasing demand for modern kitchen appliances and energy-efficient heating solutions. As urbanization rises and consumer prefe