Air Condtioning Contractor San Antonio TX

Friedrich Air Conditioning , one in every of San Antonio’s oldest producers, altering fingers

A legendary San Antonio manufacturer gets a new owner – again.

Friedrich Air Conditioning – founded here in the early 1880s as a furniture maker before turning into an air conditioning maker – said on Wednesday it will be acquired by HVAC giant Rheem.

When the acquisition is complete, Friedrich will operate under the same leadership but within Rheem’s Global Air Division, Friedrich said in a statement.

The manufacturer’s headquarters will remain at Reunion Place near San Antonio International Airport. It produces its air conditioners in Monterrey, Mexico.

Rheem bought Friedrich for an undisclosed amount from New York-based private equity firm Monomoy Capital Partners, which acquired Friedrich from another private equity firm in 2017.

Rheem officials did not respond to a request for comment on Wednesday.

Rheem, owned by Japanese conglomerate Paloma Group, makes HVAC and cooling equipment, water heaters and boilers.

“Our companies complement each other in many ways, with our long heritage in the HVAC market, our strong customer focus, and similar company cultures and values,” said Chuck Campbell, CEO of Friedrich, in a statement. “Joining Rheem will allow us to reinforce this customer focus and accelerate the development of more innovative products.”

On ExpressNews.com: Friedrich Air Conditioning remains close to its roots through numerous new inventions

Ed Friedrich founded his company in 1883 and built pool tables and cabinets. Much of his early furniture adorned the Buckhorn Saloon, the saloon his brother Albert opened in 1881.

Later, Friedrich looked for a way to preserve food and developed a refrigeration system that used ice as a coolant. He switched to mechanical cooling. By 1950, the company was one of the world’s largest manufacturers of commercial refrigerators.

In 1952 Friedrich expanded his production to include window air conditioners.

At its peak, the San Antonio-based company employed about 1,200 people.

But Friedrich has struggled in recent decades.

In the 2000s, international manufacturers making air conditioners using cheaper labor in countries like China began to weaken Friedrich’s business. In late 2007, Friedrich said, competitive pressures forced the company to close its last US manufacturing facility, laying off 263 workers in San Antonio.

“The costs were just too high. We have been working on this for five to ten years. We did everything we could do,” said a Friedrich Marketing Services manager in 2007.

The company moved all of its production to Monterrey.

On ExpressNews.com: Despite opposition, Housing Trust approves plans to redevelop East Side Friedrich complex

An industrial complex on East Commerce Street formerly occupied by Friedrich still bears a red “Friedrich Refrigerators” sign. But since 1990, when Friedrich stopped making refrigerators, the site has largely stood empty to focus solely on air conditioning.

That year, Frederick laid off 74 workers at the complex. Developers have made several attempts to redevelop the property over the past three decades.

In June, the San Antonio Housing Trust Public Facility Corp. a tax break for the redevelopment of the Friedrich complex. Opponents of the deal with Dallas-based Provident Realty Advisors say the project would not provide enough affordable housing in the East Side neighborhood.

Friedrich Air Conditioning employed 120 people in San Antonio in 2017. The company did not respond to a request for comment or questions about the size of its current local workforce.

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