Ariston Holding N.V.

History

Year	Detail
1930	Aristide Merloni founded the Ariston Groupriston Group in the Marche region of Italy. Initially, the company specialized in producing weighing scales.
1960s	The company expanded its product offerings by producing gas cylinders and electric water heaters under the Ariston brand. This marked a significant step in the company's growth and diversification.
1980s	The company entered the heating sector, expanding its product portfolio to include heating solutions. During this period, it also began to grow its presence in Eastern Europe and Asia, stepping into new markets and broadening its global footprint.
1990s	The company acquired the Indian brand Racold, known for its water heaters. This acquisition allowed Ariston to strengthen its presence in India through Racold, which became part of the Ariston Thermo Group. The company also established a manufacturing facility in China to expand its global operations further.
2000s	Ariston Group expanded its European presence by acquiring several brands, including Elco, Chaffoteaux, Cuenod, and Ecoflam. These acquisitions allowed the company to broaden its product portfolio in the heating and water heating sectors.
2015s	The company expanded its presence in the American region by enhancing its focus on renewable energy solutions. This strategic move helped the company follow a global sustainability and energy efficiency trend.
2021	The company officially changed its name from Ariston Thermo Group to Ariston Group. This rebranding reflected the company's evolution and commitment to providing sustainable and innovative thermal comfort solutions.
2022	Ariston Group acquired Wolf-Brink, a company specializing in heat pumps and domestic ventilation. The acquisition was a significant step in Ariston's pursuit of sustainability and energy efficiency goals.
2023	The company established a new French office in Saint-Denis to strengthen its French market presence and enhance its regional operational capabilities.
2024	The company acquired a production site from Universal, located in the 6th of October industrial park in Egypt, to produce a range of domestic water heating solutions developed to serve the needs of many African and Middle Eastern markets.