big deal
Global industrial company Daikin makes deal with Houston Astros on stadium rename
The Houston Astros' home will get a new name on Jan. 1, becoming Daikin Park under an agreement through the 2039 season the team announced Monday.
The stadium opened as Enron Field in 2000 as part of a 30-year, $100 million agreement but the name was removed in March 2002 following Enron Corp.'s bankruptcy filing and the ballpark briefly became Astros Field.
It was renamed Minute Maid Park in June 2002 as part of a deal with The Minute Maid Co., a Houston-based subsidiary of The Coca-Cola Co. Then-Astros owner Drayton McLane said at the time the agreement was for 28 years and for more than $100 million.
The new deal is with Daikin Comfort Technologies North America Inc., a subsidiary of Daikin Industries Ltd., which is based in Japan and is a leading air conditioning company.
Minute Maid will remain an Astros partner through 2029, the team said.
In August, Daikin, which has its 4.2 million-square-foot Daikin Texas Technology Park in Waller, Texas, partnered with the city of Houston to provide advanced air conditioning and heating solutions to help homeowners with energy efficiency and general comfort. The company pledged install up to 30 horizontal discharge inverter FIT heat pump units over the next three years.