Rheem and Paloma acquire Southcorp's Australian and Asian water heater business

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.

“NEW YORK, NY — Rheem Manufacturing Co. and Paloma Industries (Nagoya, Japan) have reached an agreement to acquire the Australian and Asian water heater business of Southcorp Holdings Ltd. The acquisition was effective Dec. 31, 2001.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.