Ariston to acquire a water heater manufacturing facility of Hintastica.

Ariston, a provider of sustainable climate and water heating solutions, agreed to acquire a water heater manufacturing facility of Hintastica, a designer and manufacturer of water heaters. Financial terms are not disclosed. “We are delighted to announce this acquisition, which aligns perfectly with the industrial plan we presented on 17 September in our Fabriano’s headquarters. Racold is a renowned, premium brand in the market and this move will further strengthen its growth and leadership potential. Following our successful joint venture with Lennox, this agreement with Groupe Atlantic and Hindware Home Innovation Limited through Hintastica Private Limited further demonstrates Ariston Group’s proven ability to forge strong partnerships and reach significant agreement with leading industry players," Paolo Merloni, Ariston Group Executive Chairman.