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Effective July 31, Ariston Thermo acquired a majority stake in HTP Inc., a North American company in the market of boilers and water heaters for both domestic and commercial use with its brand HTP.
Upon completion of Rinnai's 37,560-square-foot headquarters building and 25,110-square-foot Innovation Center, the total expansion will bring Rinnai’s footprint to nearly 63,000 square feet on its 8.4-acre campus.