Who owns Rheem Canada is Rheem Manufacturing Company, which is owned by Paloma Industries of Japan, with Rheem Canada as subsidiary of Rheem US. Rheem Manufacturing Company was founded in 1925 in Emeryville, California, now headquartered in Atlanta, Georgia, USA, and has been owned by Paloma Industries, headquartered in Nagoya, Japan, since 1988, when Paloma acquired Rheem. Rheem Canada is the Canadian division of Rheem, with office and distribution in Canada, selling Rheem water heaters, furnaces, and air conditioners in Canada through contractors and retailers like Home Depot Canada. Rheem Canada is not independently owned, it is owned by Rheem US, which is owned by Paloma Industries of Japan. Paloma is a Japanese company that makes water heaters and heating appliances. So owner of Rheem Canada is Rheem Manufacturing Company USA, which is owned by Paloma Industries Japan. Rheem Canada sells Rheem, Ruud, and Richmond brands in Canada, with same products as US but certified for Canadian standards like CSA. So Rheem Canada is owned by Rheem US, owned by Paloma Japan, Japanese-owned American company with Canadian subsidiary, not Canadian-owned, but American-owned with Japanese parent.
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