Rheem parent to buy Fujitsu's HVAC business for $1.6 billion

Paloma, the parent company of Rheem, has announced an agreement to acquire Fujitsu General, Fujitsu's HVAC subsidiary, for up to $1.6 billion. This marks the third major OEM acquisition in the past six months.

“Rheem owner Paloma will acquire Fujitsu’s HVAC subsidiary, Fujitsu General, for up to $1.6 billion”

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