The story
Founded by Francesco Merloni in 1975, in Fabriano.1
1975-2009: Merloni TermoSanitari
In 1930, Aristide Merloni founded Industrie Merloni in the Marches and began producing scales.
The production of electric water heaters started in 1960 with the launch of the brand Ariston.
In 1975 Industrie Merloni split into several companies, including Merloni TermoSanitari (MTS Group) and Merloni Elettrodomestici.
During the 1980s the company started manufacturing boilers.
During the 1990s the company opened its first branches in Eastern Europe and Asia. It also acquired Racold, India's largest water heaters' manufacturer, and opened its first wholly owned plant in China.
In 2001, Industrie Merloni acquired the heating and burner companies Chaffoteaux, Elco, Cuenod and Rendamax.
In 2005 Merloni Elettrodomestici changed its name into Indesit Company.
2009-present: Ariston
In 2009, the company changed its name to Ariston Thermo Group. It acquired the heat pumps company Termogamma in 2008, the water heating systems Swiss companies Cipag and Domotec in 2011, and the Italian heating company DhE in 2013. A joint-venture was launched in Uzbekistan to launch distribution in this country.
Read the full text
In 2014, Ariston Thermo acquired the water heaters South African company Heat Tech Geysers, inaugurated an electric water heater factory in Vietnam, and acquired the heating industry Dutch company ATAG Heating. In 2015, it acquired the heating Danish company Gastech-Energi, and inaugurated a 10,000 m2 logistics center in Vsevolozhsk near St. Petersburg. in 2016, it acquired the condensing boilers Canadian company NY Thermal.
During 2017 the Group completed two further acquisitions, one in the United States of America, where in August Ariston Thermo acquired HTP, a leading company in this market for thermal comfort solutions, and the other in Israel in October acquiring ATMOR Group, a leading company in the technology of electric instantaneous water heaters.
In 2021 changed its name to Ariston Group and has been listed on the Milan Stock Exchange.
From Wikipedia’s article on Ariston Group, shared under CC BY-SA 4.0.5