We are pleased to announce that Paloma Co., Ltd. (Paloma) and Rheem Manufacturing Company (Rheem) have transitioned to a holding company structure.
Background and Purpose of Transition to Holding Company Structure
We have transitioned to a holding structure in order to respond to global changes in the business environment surrounding us and to sustain our business into the future. As a result, Paloma and Rheem will become wholly-owned subsidiaries of Paloma Rheem Holdings Co., Ltd. (Holdings), and will oversee and operate their respective Japanese and overseas businesses.
(Reference) The group structure after the transition to the holding company structure is as follows.
Paloma Rheem Holdings Co., Ltd. Company Profile
Address: Marunouchi Trust Tower Main 7F, 1-8-3 Marunouchi, Chiyoda-ku, Tokyo 100-0005
Date of Establishment: October 2, 2023
Representative: Hiroaki Kobayashi
Corporate Number: 2010001239015
Business Overview of Paloma and Rheem
Business Activities: Development, manufacture, and sales of water heating equipment, kitchen equipment, and air conditioning equipment
Contact information regarding this matter
Inquiry Form*Contained information is current as of the time of publication. Please note that the above may differ from the latest information.