Southcorp divests water heater businesses; American Water Heater Co. excluded

The Rheem/Paloma transaction covers Southcorp's water heater businesses (about 1,400 employees and ~$150 million annual revenue) but does not include Southcorp's American Water Heater Co. of Johnson City, TN.

“Currently, this group of companies employs about 1,400 people and has annual revenues of about $150 million. The transaction does not include the acquisition of Southcorp’s American Water Heater Co., Johnson City, TN.”

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