COMPANY·HISTORIES
NAIC 333414

Heating Equipment Manufacturing, Except Warm Air Furnaces

How the companies in this industry began, and the forces that shaped them.

18companies1731–1999founding years18still active0no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironmentHistory
FoundedBuderus AGFoundedBuderus AG
1731
FoundedVaillant GmbHFoundedVaillant GmbH
1874
FoundedWolseley plcFoundedWolseley plc
1887
FoundedDe'Longhi S.p.A.FoundedDe'Longhi S.p.A.
1903
TechnologyThe Wright brothers achieve powered flight.
FoundedLennox International Inc.FoundedLennox International Inc.
1904
FoundedPaloma Industries Ltd.FoundedPaloma Industries Ltd.
1911
1914
EconomyWorld War I begins; global trade reorders.
FoundedViessmann Werke GmbH & Co.FoundedViessmann Werke GmbH & Co.
1917
FoundedTomkins plcFoundedTomkins plc
1925
1929
EconomyThe stock market crashes; the Great Depression spreads worldwide.
1939
EconomyWorld War II begins; wartime production surges.
1945
EconomyThe war ends; a long global expansion begins.
1947
TechnologyThe transistor is invented.
1958
TechnologyThe integrated circuit is demonstrated.
1962
EnvironmentSilent Spring launches the modern environmental movement.
1971
EconomyThe dollar leaves the gold standard; currencies float.
1973
EconomyThe OPEC oil embargo triggers a global shock.
1975
TechnologyThe personal-computer era begins.
1979
EconomyA second oil crisis drives inflation higher worldwide.
1981
TechnologyThe IBM PC launches and sets a standard.
1984
TechnologyApple ships the Macintosh; the GUI era begins.
1987
EconomyBlack Monday: markets fall sharply around the world.
1989
HistoryThe Berlin Wall falls; global markets open up.
1991
TechnologyThe World Wide Web is released to the public.
1993
TechnologyThe Mosaic browser brings the web to everyone.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
FoundedWater Pik Technologies, Inc.FoundedWater Pik Technologies, Inc.
1999
2000
EconomyThe dot-com bubble bursts.
2004
TechnologySocial media and Web 2.0 take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2008
EconomyThe global financial crisis freezes credit worldwide.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

Buderus AG →
Active · founded 1731 · Germany
Buderus AG is the holding company for the German Buderus concern, best known for three main divisions producing steel,…
Buderus AG →
Active · founded 1731 · Germany
Buderus AG is the holding company for the German Buderus concern, best known for three main divisions producing steel,…
Vaillant GmbH →
Active · founded 1874 · Germany
1970s:Vaillant intensifies international expansion.
Vaillant GmbH →
Active · founded 1874 · Germany
1970s:Vaillant intensifies international expansion.
Wolseley plc →
Active · founded 1887 · United Kingdom
Wolseley plc has quietly built itself an empire as the world's leading distributor of building materials to…
Wolseley plc →
Active · founded 1887 · United Kingdom
Wolseley plc has quietly built itself an empire as the world's leading distributor of building materials to…
De'Longhi S.p.A. →
Active · founded 1903 · Italy
1950s:De'Longhi incorporates, with a specialty in supplying components to the heating appliance industry.
De'Longhi S.p.A. →
Active · founded 1903 · Italy
1950s:De'Longhi incorporates, with a specialty in supplying components to the heating appliance industry.
Lennox International Inc. →
Active · founded 1904
Lennox International Inc., through its four main subsidiaries--Lennox Industries Inc., Heatcraft Inc., Armstrong Air…
Lennox International Inc. →
Active · founded 1904
Lennox International Inc., through its four main subsidiaries--Lennox Industries Inc., Heatcraft Inc., Armstrong Air…
Paloma Industries Ltd. →
Active · founded 1911 · Japan
Paloma Industries Ltd.
Paloma Industries Ltd. →
Active · founded 1911 · Japan
Paloma Industries Ltd.
Viessmann Werke GmbH & Co. →
Active · founded 1917 · Germany
Viessmann Werke GmbH & Co, based in Allendorf, Germany, is one of the world's leading manufacturers of furnaces,…
Viessmann Werke GmbH & Co. →
Active · founded 1917 · Germany
Viessmann Werke GmbH & Co, based in Allendorf, Germany, is one of the world's leading manufacturers of furnaces,…
Tomkins plc →
Active · founded 1925 · United Kingdom
Tomkins plc is a multinational engineering and manufacturing group, overseeing three major business groups: Air Systems…
Tomkins plc →
Active · founded 1925 · United Kingdom
Tomkins plc is a multinational engineering and manufacturing group, overseeing three major business groups: Air Systems…
Water Pik Technologies, Inc. →
Active · founded 1999
Water Pik Technologies, Inc.
Water Pik Technologies, Inc. →
Active · founded 1999
Water Pik Technologies, Inc.
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