We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.

logo
  • Engineers & Specifiers
  • Contractors & Installers
  • Wholesalers & Distributors
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Free Subscription
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • PRODUCTS
    • Bath & Kitchen
    • Fire Protection
    • HVAC
    • Hydronics/Radiant
    • Plumbing
    • PVF
    • Tools
  • PROJECTS
    • Commercial
    • Green Building
    • MRO/Retrofit
    • Remodeling
    • Residential
  • HOW TO
    • Design
    • Fire Protection
    • Legal Matters
    • Management
  • BUSINESS
    • Buying Groups
    • Technology
    • Associations
  • CODES & STANDARDS
    • ANSI
    • ASHRAE
    • ASSE
    • Regulations
    • Green Building
    • IAPMO
    • ICC
    • NFPA
  • RESOURCES
    • Media Kit
    • Advertise
    • Contact Us
    • Classifieds
    • Digital Editions
    • Behind the Wall
    • Webinars
    • ASPE Live 2022
  • PODCASTS
  • DIGITAL EDITIONS
Home » Ariston Group Launches Initial Public Offering

Ariston Group Launches Initial Public Offering

December 14, 2021
No Comments
Ariston Group Launches Initial Public Offering

The Ariston Group, a global player in sustainable hot water and space heating comfort solutions, announced it launched an initial public offering as it seeks continued growth after more than 90 years in business on the international stage.

The Ariston Group, which was founded by Aristide Merloni in 1930, plans to use the assets to support and develop the growth of the company. The company, based in Italy, runs its American operations out of New Bedford, Massachusetts.

“With a history of more than 90 years, the company has established itself as a unique global player in sustainability,’’ Executive Chairman Paolo Merloni said. “Ariston has a global reach and a unique renewable and high-efficiency proposition of heating and hot water solutions.”

The company selected Goldman Sachs, Mediobanco and Intesa Sanpaolo as its global coordinators for its initial public offering. The group was listed on Euronext Milan in Italy.

“The listing on the stock exchange is a recognition of the dedication, professionalism and passion of all of our people who have made the achievement of this milestone possible,” Merloni said. “Thanks to the listing we will strengthen our growth potential, continuing our solid path of organic and inorganic development.”

The Ariston Group’s US brands include HTP, American Standard Water Heaters, and Ariston branded products. HTP has a wide range of highly efficient products and system components for space heating and water heating. American Standard Water Heaters manufactures high quality gas and electric commercial and residential water heaters.

“We believe that Ariston can play and will play a key role in the consolidation process of our sector, further accelerating what we have successfully achieve over the last decade,’’ Merloni said. “Our goal is to continue to be a reference player in solutions for sustainable comfort in hot water and heating.”

Business Hydronics/Radiant Wholesalers & Distributors
  • Related Articles

    IMARK Group Launches New Public Website  

    Ariston Thermo USA Launches Two New Condensing Boilers

    Advocacy Group Gives Pennsylvania 'F' Over Lead in Public School Drinking Water

  • Related Products

    Directory Listing - Premium

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular

  • Stories From the Mechanical Room Podcast: The Math Never Lies ft. Taco Comfort Solutions' John Barba

  • Newly Released Scorecard Ranks States for Water Efficiency and Sustainability Policies

  • What Recent Storms Show About the State of California’s Plumbing

  • Winsupply President John McKenzie Retiring

Featured Video

Flow aide

JC Whitlam Flow Aide Biodegradable System Descaler Kit

Industry Events

  • 31Jan

    KBIS 2023

    Las Vegas, NV
  • 31Jan

    IBS 2023

    Las Vegas, NV
  • 02Feb

    LPG Expo 2023

    Orlando, FL
More Events

Subscribe to our newsletters & stay updated

Subscribe & Learn More

  • Tw01 2023 cover
    Learn More
  • Pe01 2023 cover
    Learn More
  • Phc01 2023 cover
    Learn More
  • Es 2022
    Learn More
Subscribe

More from PHCP Pros

  • Editorial Team
  • Home
  • Contact Us
  • About
  • Advertise

Follow Us

© 2023 All Rights Reserved

Design, CMS, Hosting & Web Development | ePublishing