April 23, 2018 9:25 PM ET

Machinery

Company Overview of Rheem Manufacturing Company Inc.

Company Overview

Rheem Manufacturing Company Inc. manufactures heating, cooling, water heating, pool/spa heating, and commercial refrigeration products for customers in North America and internationally. It offers water heating products, including gas, electric, tank-type, tankless, point-of-use, solar, and commercial water heaters; and heating and cooling products, such as air conditioners, heat pumps, gas furnaces, air handlers, oil furnaces, cooling coils, thermostats and controls, package units, and indoor air quality systems, as well as commercial heating and cooling products. The company also provides pool and spa heating systems, which include heat pumps and pool/spa heaters; integrated systems; and r...

1100 Abernathy Road NE

Suite 1400

Atlanta, GA 30328

United States

Founded in 1925

Phone:

770-351-3000

Fax:

770-351-3003

Key Executives for Rheem Manufacturing Company Inc.

Chief Executive Officer
President and Chief Operating Officer
Vice President of Finance
VP - Tankless Water Heating Business Unit and GM - Tankless Water Heating Business Unit
Vice President and Controller
Compensation as of Fiscal Year 2017.

Rheem Manufacturing Company Inc. Key Developments

Rheem Manufacturing Company Announces an International Collaboration with SaltX and the Northwest Energy Efficiency Alliance

Rheem Manufacturing Company (Rheem) announced an international collaboration with SaltX and the Northwest Energy Efficiency Alliance (NEEA). The goal of this collaboration is to accelerate the development and conduct a market evaluation of a residential gas water heater that offers a reduction in gas usage, potentially saving consumers up to 50% on their gas water heating bills. Rheem and SaltX will work together to design, test and commercialize a product that operates twice as efficiently as a standard gas water heater. NEEA’s market transformation experience will support the manufacturers’ efforts by helping strategize how to best create market demand for this new product. SaltX’s HeatBoost technology uses salt as the transfer medium in a heat pump that is powered by natural gas. This alternative approach acts as a battery, storing thermal energy. It can be charged and recharged at high levels of operational efficiency, while reliably delivering hot water to consumers.

Rheem and Fujitsu General Limited Announce Strategic Collaboration

Fujitsu General Limited and Rheem announced a strategic collaboration that will expand the heating and cooling product portfolios for both companies. Ducted central air conditioning systems account for approximately 90% of the U.S. residential HVAC market (source: AHRI). However, in recent years, the demand for ductless cooling systems—pioneered by Japanese manufacturers—has grown in the United States due to consumers' interests in systems that provide comfort and energy savings, and meet special add-on installation requirements, such as sites where duct-work is not feasible. As part of this agreement, Rheem will begin offering ductless mini-split systems manufactured by Fujitsu General to its U.S. customers under the Rheem and Ruud brands. The relationship will expand to other product categories in the future and will further include joint development of products, as well as collaborative operational opportunities. Additionally, Fujitsu General will introduce a portfolio of ducted HVAC products, manufactured by Rheem, in its channel.

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