Paloma Rheem to acquire Fujitsu General

Paloma Rheem, parent of Rheem and Paloma, agreed to acquire heat pump producer Fujitsu General, which will become a wholly-owned subsidiary; the deal includes a share repurchase between Fujitsu General and Fujitsu Ltd. and is expected to close in July 2025.

“Paloma Rheem is set to acquire residential and commercial heat pump producer [Fujitsu General](https://www.fujitsugeneral.com/), with Fujitsu to become a wholly-owned subsidiary of Paloma Rheem as part of this transaction.”

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