Lennox and Ariston Group to form a joint venture.

Lennox, a provider of climate control products for the heating, ventilation, and air conditioning and refrigeration markets, and Ariston Group, a corporation that produces heating systems and related products, agreed to form a joint venture. Financial terms were not disclosed. "This joint venture aligns with our strategy to deliver accelerated growth by expanding our product offerings within the residential market, further strengthening our customer relationships. We are excited to work alongside Ariston Group, a renowned global leader in water heating, including heat-pump-based high-efficiency water heating solutions. The new joint venture's offerings, when coupled with existing Lennox products and technology applications, will enable a perfect home comfort environment. Our partnership, grounded in shared principles and goals, provides additional value and growth opportunities to our dealers, distributors, and contractors ," Alok Maskara, Lennox CEO.