What Htpg does

HTPG (Heat Transfer Products Group, LLC) is a U.S.-based manufacturer of commercial and industrial refrigeration equipment, operating as a wholly-owned subsidiary of Rheem Manufacturing Company. The company produces condensing units (1/2 HP to 100 HP, single or dual circuit, air- and water-cooled), unit coolers, air-cooled condensers, fluid coolers, chillers, and specialty products such as the EcoNet® Enabled Unit Coolers and the Surveillant Controller. Its portfolio is marketed under four long-established sub-brands: Russell (complete line of refrigeration units), Witt (OEM commercial heat transfer equipment), Kramer (patented, energy-saving refrigeration), and ColdZone (foodservice refrigeration).

HTPG sells exclusively through an indirect channel — a North American network of authorized wholesalers and manufacturer sales representatives organized into Eastern and Western regions — and ships into Canada, Mexico, the Caribbean, Latin America, South America, and Guam via those channel partners. End markets span refrigerated warehouses, walk-in coolers and freezers, supermarkets and grocery retail, foodservice (restaurants, stadiums, schools, hospitals, convenience stores), industrial cold storage, and OEM commercial refrigeration. The company has invested in the EcoNet® intelligent electronic control platform, including the EcoNet Command Center, as its primary technology differentiator for energy efficiency and remote monitoring.

HTPG generates revenue through hardware sales of refrigeration equipment, with pricing conducted on a quote basis through sales reps rather than public list pricing. The company has announced broad price increases historically (e.g., a 4% increase effective January 1, 2018) and supports customers with a National Accounts Manager, regional directors of sales, and a dedicated applications engineering team. Revenue is not publicly disclosed; HTPG is a private subsidiary within Rheem, which is the largest manufacturer of water heating products in North America and operates in 14 countries. The company has earned industry recognition through the ACHR/ACHV News Dealer Design Awards annually from 2018 through 2021.

Name

Htpg

Legal name

Heat Transfer Products Group, LLC

Website

https://htpg.com

Company type

Private

Operating status

Operating

Short description

HTPG manufactures commercial and industrial refrigeration equipment — condensing units, unit coolers, condensers, and chillers — under four brands (Russell, Witt, Kramer, ColdZone), sold via wholesalers and sales reps to warehouses, supermarkets, foodservice operators, and OEMs across the Americas.

Ownership category

akta.pro rank

Product category

Commercial and Industrial Refrigeration Equipment

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)

akta.pro primary industry

Commercial & Industrial Refrigeration Systems (IMAHAKAA)

akta.pro secondary industries

Compressors, Refrigeration Components & Condensing Units (IMADANAG), Refrigeration Components & Controls (Compressors, Valves, Sensors) (IMAHAKAH), Chillers & Cooling Plant Equipment (IMAHAKAE)

Keywords

• Commercial refrigeration equipment
• Industrial refrigeration products
• Condensing units manufacturing
• Unit coolers and evaporators
• Heat transfer equipment

Headquarters

HQ city

Lawrenceville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Commercial Refrigeration Equipment Sales: HTPG generates revenue through the manufacture and sale of commercial and industrial refrigeration products including condensing units, unit coolers, air cooled condensers, fluid coolers, and specialty products. Products range from 1/2 HP to 100 HP in various configurations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

HTPG manufactures and markets a complete line of commercial and industrial refrigeration equipment under four brands — Russell (complete refrigeration units), Witt (OEM commercial heat transfer equipment), Kramer (patented energy-saving solutions) and ColdZone (foodservice refrigeration). Core products include unit coolers (low profile, low height, low velocity, heavy duty, medium profile and warehouse configurations), condensing units from 1/2 HP to 100 HP in single or dual circuit, air-cooled and water-cooled configurations, air cooled condensers and fluid coolers, chillers, and specialty products such as EcoNet® enabled evaporators and defrost controls.

Product overview

HTPG (Heat Transfer Products Group) is a commercial and industrial refrigeration manufacturing company under Rheem Manufacturing Company, headquartered in Duluth, Georgia. The company offers a comprehensive portfolio of refrigeration products organized under four sub-brands: Russell (complete refrigeration units), Witt (OEM commercial heat transfer equipment), Kramer (patented technologies and energy-saving solutions), and ColdZone (foodservice refrigeration). The core product lineup includes Unit Coolers (available in low profile, low height, low velocity, heavy duty, medium profile, and warehouse configurations), Condensing Units (1/2 HP to 100 HP, air and water-cooled), Air Cooled Condensers/Fluid Coolers, and Specialty Products including EcoNet Enabled Unit Coolers and Evaporator Defrost Controls. Products support applications in warehouses, restaurants, convenience stores, supermarkets, food service, industrial facilities, and refrigerated transportation.

Differentiator

Problem solved

Functional benefit

Brands

• Russell: Complete line of refrigeration units
• Witt
• Kramer
• ColdZone

Products and services

• Russell Brand — Complete Line of Refrigeration Units Sub-brand offering a complete line of refrigeration units including walk-in coolers and freezers, large units for refrigerated warehouses, and small under-counter reach-in units for kitchens and fast food restaurants. Targets warehouses, food service and retail cold storage customers.
• Witt Brand — OEM Commercial Heat Transfer Equipment Sub-brand focused on OEM commercial heat transfer equipment, offering reach-in and walk-in cooler/freezer products with flexible temperature choices for standard, low height, medium profile and heavy-duty warehouse models. Serves OEM commercial refrigeration manufacturers.
• Kramer Brand — Patented Energy-Saving Refrigeration Solutions Sub-brand focused on patented technologies and energy-saving refrigeration solutions. Industry choice for large refrigerated warehouses, supermarkets, beverage storage and industrial applications.
• ColdZone Brand — Foodservice Refrigeration Sub-brand focused on foodservice refrigeration leadership, providing solutions for under-counter or display case reach-in units, walk-in coolers and freezers for restaurants, stadium concessions, beer coolers, schools, hospitals and convenience stores.
• Unit Coolers Evaporators optimized for efficient distribution of cooled air in refrigerated warehouses, walk-in coolers and freezers, meat preparation cutting rooms, supermarkets and various other commercial applications.
• Condensing Units Commercial condensing units ranging from 1/2 HP up to 100 HP, in single or dual circuit, air-cooled and water-cooled configurations, used in warehouses, restaurants, convenience stores and other venues.
• Air Cooled Condensers and Fluid Coolers Air-cooled condensers covering a wide range of applications including food service and retail. Fluid coolers range from single to 14-fan units capable of cooling almost any non-corrosive fluid.
• Specialty Products Specialty refrigeration offerings including the award-winning EcoNet® Enabled Unit Coolers (intelligent, electronically operated evaporators designed for energy efficiency and easier installation) and Evaporator Defrost Controls for walk-in coolers and freezers.
• Next-Gen Uni-Pak Condensing Units Single-circuit condensing unit product line, 1/2 to 6 HP range, within HTPG's condensing units portfolio.
• Next-Gen II Condensing Units Single-circuit condensing unit product line, 3 to 22 HP range, within HTPG's condensing units portfolio.
• Next-Gen WC-Series Water Cooled Condensing Units Water-cooled condensing unit with increased efficiency and easy access for service within HTPG's Next-Gen condensing unit family.
• Mini-Pak Racks Multi-circuit air-cooled refrigeration rack system, 1/2 to 12 HP range, for commercial refrigeration applications.
• Enviro-Therm Racks Multi-circuit air-cooled refrigeration rack system, 13 to 40 HP range, for commercial refrigeration applications.
• Enviro-Cool Racks Water-cooled refrigeration rack system within HTPG's multi-circuit refrigeration rack portfolio.
• QV-Series Condensing Units Condensing units from 15 to 100 HP, available with Discus or Bitzer compressors and optional Thermobank heat reclaim configuration.
• Quantum Air Condensers Air-cooled condensers for commercial refrigeration applications within HTPG's air condenser portfolio.
• FS/FD Fluid Coolers Fluid coolers for cooling non-corrosive fluids in commercial applications, within HTPG's fluid cooler portfolio.
• Thermobank Heat Reclaim System Heat reclaim system for commercial refrigeration in the 15-100 HP range, configurable with HTPG's QV-Series condensing units.
• Low Profile Unit Coolers Walk-in cooler and freezer unit in low profile configuration for height-restricted commercial installations.
• Low Height Unit Coolers Walk-in cooler and freezer unit in low height center mount configuration for compact commercial ceiling spaces.
• Low Velocity Unit Coolers Walk-in cooler and freezer unit in low velocity center mount configuration, designed for low-air-velocity applications.
• Heavy Duty Unit Coolers Heavy-duty walk-in cooler and freezer models available in air, electric or hot gas defrost configurations for demanding commercial applications.
• Medium Profile Unit Coolers Medium profile walk-in cooler and freezer models available in air, electric or hot gas defrost configurations.
• Warehouse Unit Coolers Large units designed for refrigerated warehouse applications, optimized for high-capacity cooled air distribution.
• Slim-Temp ASLA/ASLE Unit Coolers Step-in reach-in unit cooler designed for food service applications with compact footprint.
• Packaged Refrigeration System Complete packaged refrigeration solution combining components for commercial refrigeration applications.
• Surveillant Controller Evaporator controller for monitoring and controlling commercial refrigeration systems as part of HTPG's specialty product line.
• Evaporator Defrost Controls Defrost controls for walk-in coolers and freezers within HTPG's specialty product portfolio.
• Small Condenser Compact air-cooled condensers for smaller commercial refrigeration applications within HTPG's air condenser portfolio.
• Chillers Commercial and industrial chillers offered as part of HTPG's commercial and industrial refrigeration equipment portfolio.
• EcoNet Enabled Unit Coolers (Medium Profile, Heavy Duty and Warehouse) EcoNet® Enabled Unit Coolers extended in 2021 to medium profile, heavy-duty and warehouse configurations, featuring intelligent electronic evaporators for energy efficiency and easier installation.
• EcoNet Command Center Monitoring and control platform for the EcoNet ecosystem of HTPG refrigeration products, introduced in 2019.
• Large Capacity Condensing Units New large-capacity condensing units launched by HTPG for high-capacity commercial refrigeration applications.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• True Manufacturing: True Manufacturing produces commercial reach-in refrigerators, freezers, and foodservice equipment under True, Beverage Air, and Continental brands — competing directly with ColdZone's foodservice reach-in and under-counter offerings.
• Bally Refrigerated Boxes: Bally manufactures walk-in coolers, freezers, and refrigerated warehouses — competing for the same end-user projects as HTPG's Russell, Witt, and ColdZone walk-in unit cooler offerings.
• Master-Bilt (a Standex company): Master-Bilt manufactures commercial refrigerators, freezers, walk-ins, and custom refrigeration — directly overlapping HTPG's foodservice and cold-storage product lines with similar channel-based distribution.
• Zero Zone Refrigeration: Zero Zone designs and manufactures refrigerated display cases, walk-in coolers, and refrigeration systems for grocery and foodservice — competing head-to-head with HTPG's supermarket and convenience store solutions.
• Hoshizaki America: Hoshizaki manufactures commercial ice machines, refrigerators, and foodservice equipment — competing with HTPG's ColdZone foodservice line in restaurants, stadiums, and convenience stores, with broader international reach.
• Hillphoenix: Hillphoenix (a Dover Corporation company) manufactures commercial refrigeration systems, display cases, and rack systems for supermarkets, convenience stores, and foodservice — competing with HTPG's Russell, Kramer, and ColdZone brands in adjacent product categories.
• Heatcraft Refrigeration Products: Heatcraft (a Lennox International subsidiary) manufactures commercial refrigeration components including unit coolers, condensing units, and air-cooled condensers — directly overlapping HTPG's core product lines across the same foodservice, retail, and cold-storage channels.

Broad incumbents

• Danfoss: Danfoss manufactures refrigeration compressors, valves, electronic controls, and sensors used across the same commercial refrigeration applications as HTPG — a broader incumbent serving OEMs and contractors that overlap with Witt's OEM heat-transfer and Kramer's industrial lines.
• Emerson (Copeland): Emerson's Copeland scroll and semi-hermetic compressors and electronic controls are widely used in commercial refrigeration systems — a complementary incumbent that competes at the component/control layer where HTPG's EcoNet platform and Kramer systems also operate.
• Carrier Commercial Refrigeration: Carrier (under Carrier Global Corporation) offers commercial and industrial refrigeration systems as part of a broader HVAC portfolio — overlapping with HTPG's condensing units and rack systems but distributed alongside Carrier's larger global service network.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Htpg