Who is the owner of Rheem is Paloma Industries, a Japanese company headquartered in Nagoya, Japan, which has owned Rheem Manufacturing Company since 1988. Rheem Manufacturing Company was founded in 1925 in Emeryville, California, by brothers Richard and Donald Rheem, as a small company making water heaters, and remained family-owned for decades. In 1988, Rheem was acquired by Paloma Industries, founded in 1911 in Nagoya, Japan, as Paloma Kogyo, which makes gas appliances and water heaters in Japan and worldwide. Paloma Industries is a privately held Japanese company that owns Rheem as subsidiary, with Rheem headquartered in Atlanta, Georgia, USA, operating as American company with Japanese parent. Paloma also owns other brands like Paloma water heaters. So owner of Rheem is Paloma Industries, Japanese company headquartered in Nagoya, Japan, which has owned Rheem since 1988, making Rheem Japanese-owned American company. Rheem also owns other brands like Ruud, Richmond, Raypak, Sure Comfort, and WeatherKing, all under Rheem Manufacturing owned by Paloma. So owner is Paloma Industries, Japan, private company, not publicly traded, with Rheem as American subsidiary headquartered in Atlanta, Georgia.
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