![]() Addison's Orlando, Florida operation was not part of the transaction. 1990 - In a somewhat confusing era and chain of acquisitions, Rheem acquires the "Weatherking" line from Addison Products.1988 - Rheem was acquired by Paloma Industries, Ltd., a privately held Japanese company with headquarters in Nagoya, Japan.1985 - Rheem expands through acquisition of RayPak, Inc., which expanded the business into swimming pool heaters as well as commercial boilers.and discontinued manufacture of shipping containers by 1985 - ending 60 years of manufacturing steel drums and similar shipping containers. 1984 - Rheem was acquired by Pace Industries, Inc.1983 - Rheem introduced the Richmond Water Heaters brand, aimed at hardware stores and home-improvement centers.1979 - Rheem added heat pumps to its product line.1971 - Rheem built its water heating division headquarters in Montgomery, Alabama.1970 - Rheem opens its air conditioning division in Ft.The plant was initially successful but had to close its doors by the end of 1983. 1968 - A plant was opened in Bergum (Burgum in Frisian) in the Netherlands.1968 - Rheem introduced its "Imperial" forced air gas furnace. ![]() 1960's - Rheem diversifies further to include manufacture of bathroom fixtures and consumer musical instruments such as electric organs.1959 - Rheem purchased the Ruud Manufacturing Company, further expanding their water heater production.This eventually became one of the company's primary business areas. 1956 - Introduces "Rheemaire" central air conditioning and heater systems for homes.1954 - Develops "glass lining" for its water heaters. ![]()
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