
Ruud is owned by Rheem Manufacturing Company, the privately held Atlanta manufacturer that acquired Ruud Manufacturing's water heater business in 1959. Rheem Manufacturing is a subsidiary of Paloma Industries of Nagoya, Japan. The Ruud brand dates to 1897, when Norwegian inventor Edwin Ruud founded his company in Pittsburgh, and it now sells water heaters, air conditioners, furnaces and heat pumps.
Parent Company
Acquired
1959
Status
Private
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Ruud | Rheem Manufacturing Company | Wholly owned |
Edwin Ruud immigrated to the United States from Norway in the late 1800s and worked as a mechanical engineer. While employed at Fuel Gas and Manufacturing Company in Pittsburgh, he designed the first practical automatic storage gas water heater in 1889: a cast iron tank with a gas burner whose valve was regulated by a thermostat to hold water at a constant temperature. He patented the design in 1890 and won a Gold Medal at the 1904 St. Louis World's Fair.
Ruud left his employer, bought the rights to his own invention and founded Ruud Manufacturing Company in Pittsburgh in 1897, filing a new patent for an improved coiled tube automatic water heater issued in 1898. The company expanded through the early 1900s, acquiring local heating and plumbing firms and opening offices in Kalamazoo, Toronto and Hamburg by 1915. Its instantaneous and storage water heaters became standard equipment in American homes and commercial buildings.
After Edwin Ruud died in 1932, the company continued under professional management and broadened into heating equipment. In 1959 California manufacturer Rheem bought Ruud Manufacturing's water heater business, gaining a broader commercial line, an established distribution network and a second respected name in the category.
Under Rheem, Ruud evolved into a full line brand: water heaters first, then furnaces, central air conditioners and heat pumps built on shared Rheem engineering. Ruud products are assembled in the same North American plants as Rheem equipment and sold through a parallel but distinct contractor network. In 2025 the brand joined Rheem's centennial celebrations and adopted the group's refreshed "Engineered for Life" positioning.
Who owns Rheem Manufacturing?
Paloma Industries of Nagoya, Japan, through the Paloma Rheem Holdings structure formed in 2023. Paloma bought Rheem in 1988 and is controlled by the Kobayashi family.
Is Rheem Manufacturing publicly traded?
No. It is a private subsidiary with no stock listing.
How many brands does Rheem Manufacturing own?
Approximately 50, including Rheem, Ruud, Friedrich, Raypak, Richmond, Intergas, Eemax, HTPG, De Jong and Nortek Global HVAC with its licensed lines.
What is Rheem Manufacturing's revenue?
Not publicly disclosed. External estimates place it around $5 to 6 billion. Parent group Paloma Rheem Holdings reported roughly JPY 1.18 trillion in consolidated sales for December 2025.
Where is Rheem Manufacturing headquartered?
Atlanta, Georgia, at 1100 Abernathy Road NE. It relocated from its founding home in California.
What did Rheem acquire recently?
Nortek Global HVAC in October 2024, adding the licensed Frigidaire and Maytag HVAC brands, manufactured housing leaders Intertherm and Miller, and Broan ventilation.
When was Rheem founded?
In 1925 in Richmond, California, by brothers Richard and Donald Rheem, originally making galvanized steel drums.
Ruud shares Rheem Manufacturing's sustainability program: an annual Sustainability Progress Report, zero waste to landfill certification across program manufacturing sites, and a product portfolio engineered for reduced greenhouse gas emissions. Ruud branded heat pump water heaters and high efficiency furnaces participate in ENERGY STAR and utility rebate programs.
Ruud has faced occasional product recalls typical of high volume appliance makers, handled through the US Consumer Product Safety Commission, including water heater and furnace models in past years. The brand carries no major ongoing scandal or regulatory dispute beyond the routine compliance load shared by the HVAC industry.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Rheem Manufacturing | United States | 1925 | Mass market | United states | All Genders | |
| Ac Pro | United States | 1986 | Mass market | Regional | All Genders | |
| Nortek Global Hvac | USA (Nortek Global HVAC) | 1934 | Mass market | United states | All Genders | |
| Trane Technologies | United States | 1929 | Mass market | United states | All Genders | |
| Lennox International | USA | 1946 | Mass market | United states | All Genders | |
| Daikin Industries | United States | 1975 | Mass market | United states | All Genders |
Conglomerates IndustrialOwned by Rheem Manufacturing Company
Heating, cooling and water heating brand of Rheem Manufacturing Company, a privately held Atlanta manufacturer owned by Japan's Paloma Industries.
Household Consumer GoodsOwned by AC Pro
Private-label HVAC equipment brand of AC Pro, a family-owned heating and air conditioning distributor serving the US Southwest since 1986.
Furniture AppliancesOwned by Nortek Global HVAC LLC
Private label HVAC brand manufactured by Nortek Global HVAC, a nameplate with roots in the original 1934 Chrysler Airtemp air conditioning division.
Conglomerates IndustrialOwned by Trane Technologies plc
Residential heating and air conditioning brand of Trane Technologies, built in Tyler, Texas, distinct from the LIXIL owned plumbing brand.
Household Consumer GoodsOwned by Lennox International Inc.
Value-priced residential HVAC brand of Lennox International's Allied Air Enterprises unit, offering furnaces, air conditioners, and heat pumps since 1946, headquartered in West Columbia, South Carolina.
Conglomerates IndustrialOwned by Daikin Industries, Ltd.
Value priced residential HVAC brand made at the Daikin Texas Technology Park in Waller, Texas, owned by Daikin Industries since 2012.
Market Positioning: Ruud competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Conglomerates IndustrialOwned by Trane Technologies plc
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American Standard is owned by Trane Technologies plc, a public company, a different structure than Ruud's parent.
Conglomerates IndustrialOwned by BASF SE
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Conglomerates IndustrialOwned by Fastenal Company
American industrial and construction supplies distributor, the largest fastener distributor in North America with over 3,500 locations across 25 countries.
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Conglomerates IndustrialOwned by The Ramco Cements Limited
Indian cement and construction materials manufacturer, the largest cement brand in South India, headquartered in Chennai, Tamil Nadu.
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Conglomerates IndustrialOwned by Shree Cement Limited
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Conglomerates IndustrialOwned by Watsco
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