Majority stake Announced Jan 2002 · Closed Jan 2002
Rheem and Paloma acquire Southcorp's Australian and Asian water heater business
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Parties
Summary
Rheem Manufacturing and Paloma Industries reached an agreement to acquire the Australian and Asian water heater business of Southcorp Holdings, including Solahart and a China joint venture interest. The acquisition was effective Dec. 31, 2001.