Rheem Manufacturing Company

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.

Brothers Richard and Donald Rheem founded the company in Richmond, California in 1925, manufacturing galvanized steel drums. The metalworking capability led naturally to water heaters when Rheem acquired John Wood Manufacturing in 1931, beginning the product line that still anchors the company.

Through the mid 20th century Rheem expanded into furnaces and air conditioning and built national distribution. The 1959 acquisition of Ruud Manufacturing's water heater business added a second flagship brand and a deeper commercial line. By the 1970s the company was a full line heating, cooling and water heating manufacturer with international licensing operations.

Paloma Industries, a Nagoya gas appliance maker, acquired Rheem in 1988, creating a trans-Pacific combination of North American distribution and Japanese gas technology. Under Paloma the company added brands including Raypak (pool and commercial water heating), Friedrich (room air conditioners), Eemax, Richmond and Intergas.

Headquarters moved to Atlanta, Georgia in the 2000s, where the company built its global center at 1100 Abernathy Road. In October 2023 Paloma consolidated group control under Paloma Rheem Holdings.

The largest recent move was the October 2024 acquisition of Nortek Global HVAC, which added licensed Frigidaire and Maytag HVAC lines, manufactured housing leaders Intertherm and Miller, and the Broan and NuTone ventilation brands. In 2025 the company marked its 100th anniversary with worldwide employee events, a brand refresh, and record attendance at its Pro Partner contractor conference. A May 2026 Habitat for Humanity partnership for the Carter Work Project extended its community programs.

The company publishes an annual Sustainability Progress Report, now in its sixth edition. Headline achievements include a product line meeting a 50 percent greenhouse gas reduction goal, zero waste to landfill status across all sites in its initial program, and more than 50,000 metric tons of waste diverted.

Rheem has earned the EPA's ENERGY STAR Partner of the Year award with Sustained Excellence four consecutive years, and its training programs have reached more than 600,000 trade professionals on efficient installation practices.

Beyond the ENERGY STAR honors, the company was named by U.S. News & World Report in 2024 for water heating product quality, and its centennial year drew recognition for its Georgia economic footprint and workforce programs.

Rheem faces the normal regulatory load of HVAC manufacturing: Department of Energy efficiency standards, EPA refrigerant rules and state emissions requirements. Product recalls occur periodically through the CPSC on specific models, routine for a high volume manufacturer.

No major litigation, scandal or regulatory action defines the company in recent public record.