Company:Goodman Global

From HandWiki
Goodman Manufacturing
TypePrivate
IndustryHVAC
Founded1975; 51 years ago (1975)
San Antonio, Texas, U.S.
FounderHarold V. Goodman
HeadquartersWaller, Texas, U.S.
Area served
United States, Canada
Key people
Takeshi Ebisu (CEO)
BrandsAmana
GMC
Goodman
Janitrol
RevenueIncrease $2.6 billion (2013)
Number of employees
5,000+
ParentDaikin
Websitewww.goodmanmfg.com

Goodman Manufacturing is an American company operating as an independent subsidiary [1][2] of Daikin Group, the world's largest manufacturer of heating, ventilation and air conditioning products and systems.[3]

Goodman is located in the $417 million Daikin Texas Technology Park.[4]

History

In 1982, the company acquired Janitrol and entered the HVAC market,[5] expanding its product offering in 1986 to include gas heating products. Harold V. Goodman died in 1996 and was succeeded by Frank H. Murray who became chairman and CEO in April 1996.

In 1997, Murray initiated and spearheaded the Goodman acquisition of[6] Raytheon Appliances, the predecessor of Amana Corporation, a manufacturer of appliances and HVAC units. Four years later, in 2001, Goodman separated its appliances business from its HVAC business and sold it to Maytag Corporation.[7]

In 2004, Goodman was acquired by Apollo Management, a private equity firm, for approximately $1.43 billion.[8] Just a year and a half later, in April 2006, Goodman completed an initial public offering, listing on the New York Stock Exchange.[9]

In October 2007, Goodman agreed to be acquired by Hellman & Friedman, a San Francisco-based private equity firm, in a $1.8 billion transaction.[10] In August 2012, Hellman & Friedman agreed to sell Goodman Global to Japan's Daikin Industries Ltd. for $3.7 billion.

In 2015, Daikin commenced construction of the state-of-the-art Daikin Texas Technology Park campus near Houston, Texas. This project, costing over $400 million, was the largest investment made in Daikin's 90-year history. In October 2016, operations at the new facility ramped up and the first Goodman air conditioner and gas furnace units came off the line.[11]

In 2017, the construction of the huge facility concluded to consolidate Goodman's HVAC manufacturing, engineering, logistics, and customer support under one, very large 4.1 million square foot roof.[12]


Daikin Industries acquired Goodman in August 2012.[13] Effective April 1, 2022, the company was renamed Daikin Comfort Technologies North America, Inc.[14]

Recalls

In 2021, Goodman Global announced a recall involving defective molded plastic drain pan under the evaporator coils. [15] The pans could overheat, melt and deform. [16][17] It was one of the biggest failures ever within the HVAC industry, as over 300,000+ units were affected.[18] The recall focused on specific GSX and GSC model units that could overheat, posing risks to consumers. [19] The recall covers drain pans with the 1901 (January 2019) to 2101 (January 2021) prefixes. The recall was expanded in early 2024, with heat pumps being affected as well.[20][21] The recall affected units paired with non-condensing gas furnaces.[22][23][24][25][26] [15]

Brands

  • Amana Heating and Cooling

References

  1. ↑ "StackPath". 29 August 2012. https://www.contractormag.com/management/business-development/article/20878369/daikin-buys-goodman-for-37-billion. 
  2. ↑ "Japan's Daikin to Buy U.S. Peer Goodman". Wall Street Journal. 29 August 2012. https://www.wsj.com/articles/SB10000872396390444506004577618191239376880. 
  3. ↑ "History Behind The Growth | HVAC | Goodman Manufacturing". https://www.goodmanmfg.com/about/history. 
  4. ↑ "Daikin celebrates grand opening at new technology park". 24 May 2017. https://communityimpact.com/houston/cy-fair/development-construction/2017/05/24/daikin-celebrates-grand-opening-at-new-technology-park/. 
  5. ↑ "Goodman Global Files For $500 Mln IPO" (in en-US). https://www.rttnews.com/1298182/goodman-global-files-for-500-mln-ipo.aspx. 
  6. ↑ Canedy, Dana (15 July 1997). "Sale to Remove Raytheon from Consumer Appliances". The New York Times. https://www.nytimes.com/1997/07/15/business/sale-to-remove-raytheon-from-consumer-appliances.html. 
  7. ↑ MAYTAG GETS APPROVAL TO PURCHASE AMANA, A RIVAL. New York Times, July 14, 2001
  8. ↑ APOLLO TO BUY HEATING AND AIR-CONDITIONING CONCERN . New York Times, November 20, 2004
  9. ↑ Stock Offerings This Week. New York Times, April 3, 2006
  10. ↑ Maker of Heating Systems Is Bought for $1.8 Billion. The Associated Press, October 23, 2007
  11. ↑ "On outskirts of Houston, giant HVAC plant employs thousands". 21 May 2017. http://www.houstonchronicle.com/business/article/On-outskirts-of-Houston-giant-HVAC-plant-employs-11161770.php. 
  12. ↑ "Goodman Air Conditioning Project - ISC Constructors" (in en-US). 2022-04-29. https://www.iscgrp.com/project/goodman-air-conditioning-project/. 
  13. ↑ Osada, Yoshiyuki (29 August 2012). "Daikin buys Goodman for $3.7 billion, gains North America reach". https://www.reuters.com/article/business/daikin-buys-goodman-for-37-billion-gains-north-america-reach-idUSBRE87S0A9/. 
  14. ↑ janete (2022-03-28). "Goodman Renamed Daikin Comfort Technologies" (in en-US). https://www.southernphc.com/industry-news/goodman-renamed-daikin-comfort-technologies/. 
  15. ↑ 15.0 15.1 "Daikin Comfort Technologies Manufacturing (formerly Goodman Manufacturing Company, L.P.) Expands Recall of Evaporator Coil Drain Pans to Include Those Installed with Non-Condensing Gas Furnaces Due to Fire Hazard | Recall InfoLink". https://www.recallinfolink.com/recalls/daikin-comfort-technologies-manufacturing-formerly-goodman-manufacturing-company-l-p-expands-recall-of-evaporator-coil-drain-pans-to-include-those-installed-with-non-condensing-gas-furnaces-due-to-fire-hazard. 
  16. ↑ "Goodman Manufacturing Evaporator Coil Drain Pans Recall | S&S". January 6, 2022. https://sobolaw.com/toxic-torts/goodman-manufacturing-evaporator-coil-drain-pans-recall/. 
  17. ↑ "HVAC Drain Pans Recalled Due to Fire Hazard". https://www.facilitiesnet.com/hvac/tip/HVAC-Drain-Pans-Recalled-Due-to-Fire-Hazard--49184. 
  18. ↑ "Goodman Manufacturing Company Recalls Evaporator Coil Drain Pans Installed with Condensing Gas Furnaces Due to Fire Hazard". https://www.cpsc.gov/Recalls/2022/Goodman-Manufacturing-Company-Recalls-Evaporator-Coil-Drain-Pans-Installed-with-Condensing-Gas-Furnaces-Due-to-Fire-Hazard. 
  19. ↑ Dugan, Kelli; Table, Cox Media Group National Content (November 21, 2021). "Recall alert: Goodman Manufacturing recalls more than 300K furnace components amid fire reports". https://www.wftv.com/news/trending/recall-alert-goodman-manufacturing-recalls-more-than-300k-furnace-components-amid-fire-reports/YIQBR5FLSVBRHJE7CRODRZJZEE/. 
  20. ↑ Team, Legal (January 17, 2024). "INVESTIGATING RECENT RECALL AFFECTING HEATING AND COOLING SYSTEMS LINKED TO FIRE HAZARD". https://www.meyers-flowers.com/our-firm/news-room/investigating-recent-recall-affecting-heating-and-cooling-systems-linked-to-fire/. 
  21. ↑ "Home Page - Recall Registration". https://warranty.goodmanmfg.com/ProductRecall/Registration. 
  22. ↑ "Recall notice issued for Daikin, Amana and Goodman-branded heat pumps - HPAC MagazineHPAC Magazine". July 3, 2024. https://www.hpacmag.com/heating-plumbing-air-conditioning-general/recall-notice-issued-for-daikin-amana-and-goodman-branded-heat-pumps/1004141571/. 
  23. ↑ "Daikin Comfort Technologies Manufacturing (formerly Goodman Manufacturing Company, L.P.) Expands Recall of Evaporator Coil Drain Pans to Include Those Installed with Non-Condensing Gas Furnaces Due to Fire Hazard". https://www.dhses.ny.gov/daikin-comfort-technologies-manufacturing-formerly-goodman-manufacturing-company-lp-expands-recall. 
  24. ↑ "Goodman® Furnace Fire Lawsuit | Furnace Fire Lawyer, Attorney". https://www.schmidtlaw.com/goodman-furnace-fire-lawsuit/. 
  25. ↑ Government of Canada, Health Canada (June 27, 2024). "Daikin, Amana and Goodman-branded heat pumps recalled due to risk of excessive heat exposure - Recalls, advisories and safety alerts – Canada.ca". https://recalls-rappels.canada.ca/en/alert-recall/daikin-amana-and-goodman-branded-heat-pumps-recalled-due-risk-excessive-heat-exposure. 
  26. ↑ "Important Safety Notice". https://www.recallrtr.com/drainpan/downloads/SF-090_Rev2_FINAL.pdf. 



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